To what does gross domestic product (GDP) refer?
A. The difference in a given year between what the government raises in taxes and fees and what it spends
B. The value of all of the goods and services produced by an economy in one year
C. The total amount owed to those who have loaned money to the government
D. An increase in the revenue from the sale of U.S. Treasury bonds
E. The average value of goods and services produced in the United States
Answer: B
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Government-sponsored enterprises are primarily responsible to
A. the Executive Office of the President. B. shareholders. C. the electorate. D. Congress. E. the Office of Management and Budget.
Which of the following health care coverage were added to Medicare in the Medicare Modernization Act of 2003?
A. Prescription drug coverage B. Coverage for renal kidney failure C. Hospice care D. Home health care