How has the U.S. government debt changed since 2008? What are the sources of the change in U.S. government debt?
What will be an ideal response?
Since 2008 the U.S. government debt has skyrocketed. The debt dramatically rose because federal government taxes fell (as a percent of GDP) while federal government expenditures and transfer payments, shot upwards. Federal government expenditures on goods and services rose but not nearly as much as transfer payments.
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Financial institutions that receive most of their funds from the savings of the public are
A) the fiduciary monetary system. B) the world index fund. C) universal banking. D) thrift institutions.
Explicit costs would include
a. the rent paid by a business owner for office space b. the interest loss of the business owner on money withdrawn from his/her savings account and invested in the business c. the loss of rent on a building the business owner owns and uses in his/her business d. the opportunity costs of the business owner's time e. the use of tools owned by the business owner and dedicated to the business