The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. The government has a budget

A) surplus of $60 billion.
B) deficit of $20 billion.
C) surplus of $20 billion.
D) deficit of $60 billion.
E) surplus of $40 billion.

C

Economics

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Printing money was the main method the Union government used to finance the Civil War (1861–1865), and as a result the money supply in the North rose by a factor of 4

Indicate whether the statement is true or false

Economics

Even though households do not actually purchase certain items, the government estimates and adds to the consumption component what the household would pay for these items in the marketplace. An example of this type of item is

a. a car that an individual builds from parts of old cars b. food that a farm family grows for themselves c. a pond that a household member digs by hand d. police and fire protection e. a barn that a household builds on their own property

Economics