Using the data in the above table, if exports = $1,150 billion and the private sector runs a surplus of $300 billion, the government sector will run

The nation, as a whole, is hurt by inflation if it:

a. Is expected. b. Reduces productivity. c. Changes consumers' preferences for durable versus non-durable goods. d. Rises at a rate that is greater than real GDP. e. All the above are true.

Due to the trend in U.S. out-of-pocket health care spending over the past 50 years, the fraction of the true cost of health care being paid directly by consumers

A) has been rising. B) has been falling. C) has remained relatively constant. D) has reached zero.