As of 2015, the federal budget deficit was about ________ of GDP, and ________ of the deficit came from interest payments on federal debt.

How does the federal government determine the level of income that constitutes the poverty line for a family of a particular size?

a. The U.S. government defines the poverty line as income at or below three times the amount of money needed to buy basic, nutritionally sufficient food for all family members. b. The U.S. government defines the poverty line as income at or below four times the amount of money needed to buy basic, nutritionally sufficient food for all family members. c. The U.S. government defines the poverty line as income at or below twice the amount of money needed to buy basic, nutritionally sufficient food for all family members. d. The U.S. government defines the poverty line as income at or below five times the amount of money needed to buy basic, nutritionally sufficient food for all family members.

Figure 4-19

After a strike against the Financial News in London began, the number of copies of the competing Broad Street Journal sold in England increased dramatically, yet there was no increase in price. Which supply and demand graph in Figure 4-19 represents the situation for the Broad Street Journal before the strike started?

a.
1

b.
2

c.
3

d.
4