Compared to most other industrialized countries shown in the text, the national debt as a percentage ...

Compared to most other industrialized countries shown in the text, the national debt as a percentage of GDP in the United States is:
 a. substantially larger.
  b. the same.
  c. slightly larger.
  d. substantially smaller.

QUESTION 2

The balance on the current account ____.
 a. d and e
  b. c and d
  c. will show a trade deficit or surplus, if one exists
  d. must always be zero
  e. multiplied by 1 becomes the capital account

QUESTION 3

A downward shift in the consumption function can be caused by:
 a. expectations of higher inflation.
  b. an increase in wealth.
  c. a lower price level.
  d. none of these.

QUESTION 4

Which of the following countries has the largest national debt as a percentage of GDP?
 a. France.
  b. Japan.
  c. United States.
  d. Canada.
  e. Italy.

QUESTION 5

Which of the following would not be counted in the U.S. BOP current account?
 a. Helen, an American oil engineer, is a paid adviser to Middle Eastern countries in the area of petroleum extraction.
  b. General Motors Corporation owns buildings that are situated in Mexico.
  c. France purchases a new jet fighter aircraft from the Boeing Company in the U.S.
  d. Martha receives a 50 dividend check on stock she owns in a business in Germany.
  e. A wealthy Italian purchases numerous antiques in the United States for his villa.