Compared to Canada, Japan, Germany, and France, Social Security expenditures as a percentage of GDP of the United States is approximately
a. 12 percent and ranks among the lowest percent of the countries
b. 47 percent and ranks among the lowest percent of the countries
c. 12 percent and ranks among the highest percent of the countries
d. 47 percent and ranks among the highest percent of the countries
e. 77 percent and ranks among the highest percent of the countries
A
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One-shot inflation can be caused by
A) increases in aggregate demand only. B) decreases in aggregate supply only. C) either increases in aggregate demand or decreases in aggregate supply. D) neither increases in aggregate demand nor decreases in aggregate supply.
The main reason the United States' standard of living is higher than that of India and China is that we have more
A. land. B. labor. C. capital. D. money.