Which of the following will lead to a decrease in the value of Spanish income per capita in dollars?
A) An increase in the value of the Spanish income per capita in Euro
B) A decrease in the dollar/euro exchange rate
C) An increase in the dollar/euro exchange rate
D) A decrease in the income per capita of U.S.
B
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During the 1990s,
a. tax revenues have decreased b. budget deficits decreased substantially c. sustained economic growth has increased both deficits and tax revenues d. government spending has increased dramatically due to increased defense expenditures e. the view in government, academe, and society that government can contribute to moderate social and economic ills has been persuasive
The value of a dollar
A. various directly with the price level. B. is determined only by the U.S. government. C. varies directly with the purchasing power of other major currencies. D. varies inversely with the price level.