Borrowed funds that are to be repaid in a year or more are referred to as:

Adverse selection often occurs in the private health market because, _____________ on average would pay __________ for their health care insurance premiums than for their health care costs.

a. healthier people; more b. less healthy people; more c. healthier people; less d. less healthy people; the same

Which of the following is not a correct statement about the growth of real GDP in the U.S. economy?

a. Real GDP in 2009 was almost four times its 1965 level. b. Growth was steady between 1965 and 2009. c. Continued growth in real GDP enables the typical American to enjoy greater economic prosperity than his or her parents and grandparents did. d. The output of goods and services produced grew on average about 3 percent per year between 1965 and 2009.