Most of the income of Americans comes from
a. transfer payments.
b. individuals selling their labor services.
c. the ownership of bonds and corporate stocks.
d. the ownership of small businesses.
B
Economics
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A nation running a persistent balance of payments deficit while part of a fixed exchange rate system would have to __________ international reserves in an effort to prevent its currency from __________
A) amass; appreciating B) amass; depreciating C) pay out; appreciating D) pay out; depreciating
Economics
Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in Year 3?
A) 1.7 percent B) 2.0 percent C) 7.7 percent D) 5.9 percent
Economics