The cyclically adjusted budget deficit for the United States:
A. rose to -7.1 percent of potential GDP in 2009 but has since declined.
B. was zero in 2009, but the cyclical deficit created by the recession was -7.1 percent of
potential GDP.
C. changed to a surplus in 2009.
D. rose to -10.1 percent of potential GDP in 2009 but has since declined.
A. rose to -7.1 percent of potential GDP in 2009 but has since declined.
Economics
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Suppose France's real GDP grew from $750 billion in 2010 to $821 billion in 2011. What was the growth rate of France's real GDP?
A) 10 percent B) 9.5 percent C) 9.1 percent D) 8.6 percent E) $71 billion
Economics
In the production function Y = A(G,P,T) F(K,R,H,N), the exogenous factors are
A) G,R,H. B) G,P,T. C) P,T,K. D) P,R,G.
Economics