The "official measure" of the deficit (the one reported by the government)
A) tells us the change in government nominal debt.
B) is equal to nominal interest payments on the debt plus the primary deficit.
C) overestimates the real budget deficit whenever the inflation rate is positive.
D) all of the above
E) none of the above
D
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You are considering playing a card game. The rules of the game are such that you pick a card from a standard deck of 52 cards and if the card is a diamond, you win $30 . The catch is, you have to pay the dealer a fee of $10 to play the game
What is the expected value of this gamble? (Hint: In a standard deck of cards, ΒΌ of the cards are diamonds).
The type of unemployment that occurs because of a recession is called
a. frictional unemployment. b. seasonal unemployment. c. natural unemployment. d. cyclical unemployment.