The difference between the gross public debt and the net public debt is that the
A. gross public debt includes entitlements while the net public debt does not.
B. gross public debt includes government interagency borrowing while the net public debt does not.
C. the gross public debt is expressed as a percentage of GDP while the net public debt is not.
D. gross public debt is based on budget deficit while the net public debt is not based on budget deficits.
Answer: B
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Why might people choose to go to college?
A. A college education increases one's productivity, which will be rewarded in the labor market with higher wages. B. Someone enjoys the process of becoming educated. C. A college education signals to firms that the worker is highly motivated. D. One cannot find employment. E. All of these options are reasons people might choose to go to college.
Which of the following is not a source of productivity gain?
A. An increase in population. B. An increase in the ratio of capital to labor. C. Development of better capital equipment and products. D. Better use of resources in the production process.