If real GDP per person were equal to $1,000 in 1900 and grew at a one percent annual rate, what would be the value of real GDP per person 100 years later?

According to John Maynard Keynes, policy makers should respond to a downturn in the business cycle by:

A. Cutting taxes and increasing government spending. B. Cutting taxes and reducing government spending. C. Raising taxes and increasing government spending D. Raising taxes and reducing government spending E. Do nothing because government activism violates Keynes' laissez faire approach.

The national debt

a. is increased by budget surpluses. b. is the value of the government's indebtedness at a moment in time. c. exceeded $20 trillion in 2014. d. All of the above are correct.