Balance-of-payments accounts are maintained according to the principles of single-entry bookkeeping

The decline in investment spending accounts for how much of the decline in output during a recession?

a) one-third b) one-seventh c) two-sevenths d) two-thirds

The trade deficit and federal budget deficit plagued which U.S. presidential administration with high inflation and low levels of production and employment?

(a) Franklin D. Roosevelt (1933–45) (b) Dwight D. Eisenhower (1953–61) (c) John F. Kennedy (1961–63) (d) Ronald W. Reagan (1981–89)