From 2004 to 2008, the federal budget deficit, on an official fiscal-year basis was
a. large and growing larger.
b. "negative," that is, the budget was in surplus.
c. declining.
d. increased by the rising Social Security deficit.
c
Economics
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The price of a financial asset should equal the
A) present value of the payments to be received from owning the asset. B) future value of the payments to be received from owning the asset. C) face value of the asset less the future payments to be received from owning the asset. D) coupon value of the asset divided by the effective interest rate at the time the asset was purchased.
Economics
By 2011, which of the following countries had the highest level of real output per capita?
A) United States B) France C) Japan D) United Kingdom
Economics