Which of the following would be of particular interest to a microeconomist?
a. amount of fruit the typical household consumes
b. nation's inflation rate
c. nation's rate of unemployment
d. budget of the national government
e. growth rate of the economy
A
Economics
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Which of the following is an example of government discretionary spending?
A) defense spending B) net interest paid on government debt held by the public C) Social Security retirement payments D) Medicare benefits for the elderly
Economics
If prices have been rising since the base year for GDP (which was years ago), which will be smaller?
A. nominal GDP B. real GDP C. cannot say
Economics