According to the U.S. balance of payments accounts in 2012, U.S. international borrowing is used for
A) private saving and public consumption.
B) private and public investment.
C) private consumption.
D) private and public saving.
E) government expenditure.
B
Economics
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If the rate of inflation is zero, prices are expected to remain stable, and the nominal rate of interest is 3 percent, then the
A) real rate of interest is equal to the nominal rate. B) real rate of interest is less than the nominal rate. C) nominal rate is greater than the real rate of interest. D) investment demand schedule will shift upward.
Economics
To adjust nominal GDP for a given year to obtain real GDP, it is necessary to divide nominal GDP by the price index (expressed in hundredths) for that year.
Answer the following statement true (T) or false (F)
Economics