Public saving is positive when:
A. after-tax income of households and businesses is greater than consumption expenditures.
B. after-tax income of households and businesses is less than consumption expenditures.
C. the government's budget is balanced.
D. there is a government budget surplus.
Answer: D
Economics
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Refer to the figure above. What is the equilibrium price of bottled water?
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Suppose a nation's population grows by 2 percent and, at the same time, its GDP grows by 5 percent. Approximately how fast will real GDP per person increase?
A) 3 percent per year B) 2 percent per year C) 5 percent per year D) 10 percent per year
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