The government of Putania spent $67,000,000 in a particular year, and the total tax receipts of the government in that year were $120,000. Calculate the budget deficit

A) $600,000
B) $680,000
C) $67,120,000
D) $66,880,000

D

Economics

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Suppose you have one U.S. dollar with which you wish to purchase U.K. (one-year) bonds in period t. Which of the following expressions represents the amount of U.K. pounds you will receive in one year (i.e., period t + 1 ) from purchasing U.K. bonds in period t?

A) i B) 1 + i C) (1 + i)Eet+1/Et D) (1 + i)Et/Eet+1 E) none of the above

Economics

When a 9% increase in price leads to a 6% increase in quantity supplied, supply is relatively inelastic

a. True b. False Indicate whether the statement is true or false

Economics