Which nation had the largest share of world exports in 2011?

The sum of all past federal deficits minus any surpluses is called the

A) transfer balance. B) national deficit. C) national debt. D) national budget.

Changes in total factor productivity are plausible causes of business cycles because productivity-induced business cycles correctly predict

A) real wages and total hours must be procyclical. B) real wages and consumption must be procyclical. C) total hours worked and consumption must be procyclical. D) consumption and government spending must be procyclical.