According to the classical economists, unemployment was a temporary deviation from equilibrium, and certain forces in the economy would return it to full employment. Such forces did not include

Joanne left her last job, in which she was earning $50,000, in order to form her own consulting business. Her revenues for the first year of consulting were $210,000. During that year, she hired two assistants for $25,000 each and spent $25,000 on office equipment. In addition, she incurred $75,000 in miscellaneous expenses. Her accounting profit that first year was

A) $10,000. B) $60,000. C) $210,000. D) $50,000.

Currently, the national debt is approximately:

a. 10 percent of GDP. b. 60 percent of GDP. c. 80 percent of GDP. d. 120 percent of GDP.