Today, China's economy most closely approximates:

The government debt is defined as

A) the excess of total revenues over total expenditures. B) the sum of all past deficits and surpluses. C) the excess of total expenditures over total revenues. D) government spending on goods and services plus transfer payments.

In the table above, the marginal benefit of the 4 millionth television set is

A) negative 0.5 computers per television set. B) 0.25 computers per television set. C) 0.5 computers per television set. D) 1.0 computer per television set.