To help close an inflationary gap, the government could:
A. run budget deficits.
B. decrease taxes.
C. increase government spending.
D. run budget surpluses.
Answer: D
Economics
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In 2012, the United States had
A) a current account deficit because imports were greater than exports. B) a current account deficit and a capital and financial account deficit. C) a capital and financial account deficit because exports were greater than imports. D) a current account surplus because imports were greater than exports. E) no change in U.S. official reserves.
Economics
Which measurement is most useful for comparing the standard of living in different countries?
A. The growth rate of real GDP. B. GDP per capita. C. GDP per worker. D. The growth rate of the labor force.
Economics