The U.S. merchandise trade balance has been in surplus over the last 20 years

Economists classify energy and water as part of which factor of production?

A) land B) labor C) capital D) entrepreneurship E) land if undeveloped and capital if developed

The cyclical deficit is

A) the amount by which the actual government budget deficit exceeds the structural deficit. B) the amount by which structural deficit exceeds the actual budget deficit. C) the same as the structural deficit. D) what the budget deficit would be if the economy were operating at the natural real GDP level.