Amos Long's marginal utility of income function is given as: MU(I) = I1.5, where I represents income. From this you would say that he is

The amount of funds the Social Security system has loaned the federal government is

A) excluded from the net public debt. B) added to the gross public debt to calculate the net public debt. C) included in the net public debt. D) not included in the gross public debt.

The nominal interest rate approximately equals which of the following?

A) the real interest rate minus the inflation rate B) the real interest rate plus the inflation rate C) the real interest rate minus the growth rate of real GDP D) the real interest rate plus the growth rate of real GDP