If the CPI declines from 200 to 190, prices have declined by

In the mid 1980s, the massive current account deficits were related to massive U.S. government budget deficits

Indicate whether the statement is true or false

Despite the large federal deficits during the last few decades, public capital in the U.S. declined because: a. a growing share of the federal budget goes toward income redistribution, especially for the elderly. b. of less labor productivity

c. of increasing farm subsidies. d. of the growing portion of the national debt owed to foreigners. e. a growing share of the federal budget goes toward income redistribution, especially for national defense