Compared to the United Kingdom, the national debt as a percentage of GDP in the United States is:

Free market economists

A) believe in the fundamental stability of the economy. B) believe that government policy can create a stable economy. C) and Keynesians hold the same macroeconomic views. D) believe that the Federal Reserve is the source of economic stability.

Fun Time Toys produced $60 million worth of toys in 2008 . Because of a slow Christmas shopping season, only $50 million worth was sold to consumers, and the remaining $10 million worth went into inventories. Based on this information, how was GDP affected in 2008?

a. $60 million was added to GDP; $50 million was classified as consumption spending and $10 million was classified as private investment b. $60 million was added to GDP, all classified as consumption spending c. $50 million was added to GDP, all classified as consumption spending d. $40 million was added to GDP; $50 million was classified as consumption and -$10 million was classified as private investment e. $40 million was added to GDP, all classified as consumption