In a simplified banking system, the money multiplier falls as the required reserve ratio decreases

Which of the following transfer programs in the U.S. is funded by a national tax but administered by state governments?

a. Social security b. Veterans' Administration Benefit program c. Unemployment insurance d. Food stamps e. National Guard activities

In the United States, exports of goods and services accounted for about what percentage of GDP (total output) in 2011?

A. 6 percent B. 14 percent C. 24 percent D. 42 percent