In 2012, the United States had
A) a current account deficit because imports were greater than exports.
B) a current account deficit and a capital and financial account deficit.
C) a capital and financial account deficit because exports were greater than imports.
D) a current account surplus because imports were greater than exports.
E) no change in U.S. official reserves.
A
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The figure above shows the market for annual influenza immunizations the United States. Area B is the
A) gain in efficiency from the illustrated subsidy. B) remaining deadweight loss when there is the illustrated subsidy. C) deadweight loss when there is not the illustrated subsidy. D) equilibrium with the illustrated subsidy. E) loss in efficiency from the illustrated subsidy.
Since 1962, which of the following federal expenditures, measured as a percentage of GDP, has increased the most?
A) Social Security B) Medicare and Medicaid C) net interest D) defense