Multiple Choice
A government surplus is
A) when it spends more than its income.
B) when it owes more than what it is owed.
C) when its income is higher than its spending.
D) when it is owed more than what it owes.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Macroeconomic models are<br>A) never wrong.<br>B) accurate descriptions
Q2: Average labor productivity is defined as<br>A) per-capital
Q3: Over the twentieth century,growth in per-capita GNP
Q4: Unemployment is good from a social point
Q6: A useful macroeconomic model<br>A) is extremely realistic.<br>B)
Q7: The major contributor to the long-run improvement
Q8: International trade between two countries<br>A) benefits only
Q9: In the second half of the twentieth
Q10: A productivity slowdown was observed from the<br>A)
Q11: Which of the following assertions is false?<br>A)