The net increase in a country's stock of international reserves over a year is called a(n):
A. trade surplus.
B. balance-of-payments deficit.
C. balance-of-payments surplus.
D. trade deficit.
Answer: C
Economics
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A federally funded, state-administered program that pays medical and hospital costs for welfare recipients and other low-income people is
a. Medicare b. federal HMO c. state HMO d. Fedicare e. Medicaid
Economics
Suppose that in a closed economy GDP is equal to 11,000, taxes are equal to 1,000, consumption equals 7,500, and government purchases equal 2,000 . What is national saving?
a. -500 b. 500 c. 2,000 d. None of the above is correct.
Economics