Crowding out is caused by
A. A decline in overall spending.
B. A decline in tax revenues.
C. An increase in government borrowing.
D. An increase in consumer spending.
Answer: C
Economics
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All of the following are ways in which government can promote economic development except
a. encouraging foreign direct investment b. nationalizing industries to create efficiency c. encouraging competition d. providing an infrastructure e. promoting saving and investment
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Between 2009 and 2020, productivity growth is expected to account for about ________ percent of the growth of real GDP in the United States.
A. 23 B. 40 C. 75 D. 92
Economics