The deficit (as a fraction of GDP) is anticipated to rise over the next several decades due to projections of
A) increased defense spending.
B) increased spending on entitlements.
C) increased inflation.
D) decreased corporate tax revenues.
E) decreased income tax revenues.
B
Economics
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Given the information in the table above, Home's opportunity cost of widgets is
A) 0.5. B) 2.0. C) 6.0. D) 1.5. E) 3.0.
Economics
For the capital stock to grow, production of capital goods must
a. exceed the inflation rate b. exceed 15 percent of GDP c. exceed the depreciation of existing capital d. increase from the previous year e. exceed the growth of the labor force
Economics