Suppose that initially there is no public debt. Using the above table, the public debt over this four year period would have
A) increased by $215.
B) decreased by $100.
C) increased by $1,375.
D) decreased by $1,590.
A
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Bill Bonecrusher graduates from college with a choice of playing professional football at $2 million a year or coaching for $50,000 a year. He decides to play football, but eight years later he quits football to make movies for $3 million a year
His opportunity cost at graduation was ________ and eight years later was ________. A) $50,000; $2 million B) $2 million; $2 million C) $2 million; $3 million D) $50,000; $50,000
The financial crisis that began in 2007:
a. was predicted in detail by Alan Greenspan and Ben Bernanke. b. was centered on subprime lending and the complex financial instruments based on subprime loans. c. was caused by a downturn in the stock market. d. None of the above are correct.