Health care spending accounted for what percentage of U.S. GDP in 1960 and in 2011?
A. 4.0% and 4.4%, respectively
B. 9.2% and 10.1%, respectively
C. 5.2% and 17.9%, respectively
D. 20.4% and 18.6%, respectively
C. 5.2% and 17.9%, respectively
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Which of the following is TRUE of the U.S. trade balance and the federal government budget?
A) In most years since the 1970s, both have been in deficit. B) In most years since the 1970s, both have been in surplus. C) The federal government budget deficit was more variable before the 1970s, but the trade deficit has been more variable since. D) Both exhibited greater variability before the 1970s than they have since.
According to the data in the table above, real GDP per person grew at a rate of ________ between year 1 and year 2
A) 10 percent B) 0 percent C) 1 percent D) 5 percent E) 50 percent