The income statement indicates how revenue is transformed into net income

Since 1940, the U.S. government has experienced

A) twice as many annual budget surpluses as annual budget deficits. B) only one year with a budget surplus. C) about the same number of years with budget deficits as with budget surpluses. D) many more budget deficits than budget surpluses.

With a given level of GDP, a decrease in the size of population would cause:

A) GDP per capita to decrease. B) life expectancy to decrease. C) GDP per capita to increase. D) life expectancy to increase.