Approximately ____ percent of federal government spending in 2007 was for transfer payments and interest payments

If nominal GDP in 2001 is $9 trillion, and 2001 real GDP in 1996 prices is $6 trillion, the GDP deflator price index is

A) 7. B) 100. C) 150. D) 200.

If low-quality workers are unable to obtain a college degree, then a separating equilibrium can occur if

A) the cost of obtaining a degree is less than the wage premium paid to those who have obtained the degree. B) the cost of obtaining a degree is greater than the wage premium paid to those who have obtained the degree. C) the cost of obtaining a degree is zero. D) the wage premium paid to those who have obtained the degree is positive.