Recall the Application about the use of fertilizer and its impact on crop yields to answer the following question(s). The table is taken from this Application.Bags of Fertilizer Bushels of Corn0851120213531444147Refer to the table above. After applying the second bag of fertilizer, the farmer experienced:

If GDP exceeds GNP, we know with certainty that

A) a budget deficit exists. B) a trade surplus exists. C) a trade deficit exists. D) receipts of factor income from the rest of the world exceed payments of factor income to the rest of the world.

Which of the following statements is correct? a. To control the money supply, the Fed relies primarily on the reserve requirement

b. The discount rate is the rate of interest banks charge to their best customers. c. The Fed changes the reserve requirement frequently. d. Because the Fed has no way to earn income, it is dependent upon Congress for appropriations. e. Banks can turn a borrower's IOU into money.