In mid-2008, estimated losses on mortgages were estimated to be about ________ of U.S. GDP
A) 2%
B) 5%
C) 7%
D) 9%
A
Economics
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Which of the following is true of the demand curve faced by a monopolistically competitive firm? a. The demand curve faced by a monopolistically competitive firm is kinked
b. The demand curve faced by a monopolistically competitive firm is downward-sloping. c. The demand curve faced by a monopolistically competitive firm is upward-sloping. d. The demand curve faced by a monopolistically competitive firm is horizontal.
Economics
Based on this graph, national debt reached the highest percentage of GDP ______.
a. during the Great Depression
b. before World War I
c. after World War II
d. during the Recession of 2008–2009
Economics