For most industrial nations, health-care costs have increased faster than the rate of inflation.

All of the following would be considered a current account transaction EXCEPT the

A) importing of services. B) exporting of goods. C) importing of capital. D) importing of goods.

The revenue that the federal government collects from payroll taxes is earmarked to pay for

a. national defense and income security (welfare) programs b. national defense and Medicare c. Social Security and public schools d. Social Security and Medicare