When we measure GDP by income, production, or spending, one is certain to be larger than the others.

In international exchange markets, a rise in interest rates in the United States will cause the demand for dollars to ________ and the supply of dollars to ________

A) increase; increase B) decrease; increase C) decrease; decrease D) increase; decrease

State and local government spending as a share of GDP has: a. decreased from 12% in 1960 to about 8% in 2014

b. increased from 12% in 1960 to about 20% in 2014. c. remained more or less stable at 12% between 1960 and 2014. d. increased from 20% in 1960 to about 30% in 2014.