The gross domestic product of Solvasa, a small island country, is U.S. $68 billion. The adult population of the country is 8.70 million and 11.3 million citizens are below 18 years of age. The output per capita of Solvasa is approximately equal to _____

Prior to World War II most consumers in the United States:

A. paid for catastrophic illness out of their own pockets but owned medical insurance for routine medical care. B. had no medical insurance of any type. C. owned medical insurance for catastrophic illness but paid for routine medical care out of their own pockets. D. owned medical insurance covering both catastrophic illness and routine medical care.

The self-correcting tendency of the economy means that falling inflation eventually eliminates:

A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.