Property rights assure people that
A) the government will not confiscate their income or savings.
B) the government will provide a minimum standard of living.
C) the factors of production and goods are owned jointly by the government and the people.
D) economic growth will enhance government involvement in the economy.
E) international trade will be limited.
A
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In order to bring GDP and national income into accord,
a. add indirect business taxes to national income and we have GDP b. add depreciation of capital and indirect business taxes to GDP and we have national income c. subtract depreciation of capital from GDP and we have national income d. subtract depreciation of capital and proprietor's income from GDP and we have national income e. subtract depreciation of capital and indirect business taxes from GDP and we have national income
The national debt increased approximately sixfold between
a. 1980 and 2000 b. 1945 and 1965 c. 1965 and 1975 d. 1960 and 1970 e. 1970 and 1980