The concept of twin deficits refers to ________
A) the phenomenon of simultaneous trade and government budget deficits
B) the phenomenon of simultaneous government and private budget deficits
C) the phenomenon of simultaneous state and federal budget deficits
D) all of the above
E) none of the above
A
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Last year in a nation to the south, net domestic product at factor cost equaled $3,300 billion
Indirect taxes minus subsidies equaled $200 billion, depreciation equaled $800 billion, the statistical discrepancy equaled zero, and net operating surplus equaled $150 billion. The country's GDP was A) $2,300 billion. B) $3,500 billion. C) $4,300 billion. D) $4,450 billion. E) $4,150 billion.
Railroad competition was the primary cause of canal failures
Indicate whether the statement is true or false