If Bank A purchases securities worth $20,000 using the deposits made by its customers, then:
a. the value of the bank's liabilities decrease by $20,000.
b. the value of the bank's liabilities increase by $20,000.
c. the value of the bank's assets increase by $20,000

Assume the population growth rate is 2 percent and the real GDP growth rate is 5 percent. The change in standard of living, as measured by the growth rate in real GDP per person, is

A) 7 percent. B) 2.5 percent. C) 5 percent. D) 3 percent. E) -3 percent.

In 2013, about what percentage of goods and services sold in the United States was imported?

a. 5% b. 16% c. 22% d. 88%