In the early 1990s, economists became alarmed over the national debt because it
a. was larger than three months' GDP.
b. was growing faster than GDP.
c. had reached twice the size of GDP.
d. was growing faster than private debt.
b
Economics
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Nominal GDP is $12.1 trillion and real GDP is $11.0 trillion. The GDP price index is
A) 90.1. B) 121. C) 1.10. D) 91.0. E) 110.
Economics
Assuming that progressive taxation is desirable, a consumption tax calculated by subtracting saving from income would be preferable to a general sales-based consumption tax
a. True b. False
Economics