How is the public debt calculated?
a. By adding up consumption, investment, government purchases, and net exports and then cumulating the annual totals over the years of the nation
b. By subtracting consumption and investment from government spending each year and then cumulating the annual totals over the years of the nation
c. By subtracting current government spending from current government tax revenues
d. By adding up the difference between annual government tax revenues and annual government spending and cumulating the differences over the years of the nation
d. By adding up the difference between annual government tax revenues and annual government spending and cumulating the differences over the years of the nation
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Which of the following statements is true of the U.S. economy?
A) No bank runs have occurred after 1990 in the U.S. economy. B) The number of bank runs decreased after the FDIC was established. C) Almost one-fourth of the U.S. banks failed during the Great Depression. D) No bank runs have occurred before 1990 in the U.S. economy.
Economists disagree as to whether
a. the stock price of a company should reflect the company's expected profitability. b. the basic tools of finance reflect valid ideas. c. stock prices reflect rational estimates of a company's true worth. d. there is any relationship between stock market fluctuations and fluctuations in the economy more broadly.