Author Question: The budget of an economy is said to be in deficit when: a. federal outlays exceed revenues. b. ... (Read 34 times)

Haya94 · **on:** Jun 30, 2018

The budget of an economy is said to be in deficit when:
a. federal outlays exceed revenues.
b. federal revenues exceed outlays.
c. anticipated inflation rate exceeds its actual rate.
d. there is a loss of value of a country's currency with respect to one or more foreign reference currencies.
e. anticipated interest rate exceeds its actual rate.

Question 2

Which of the following people would be counted in the labor force?
a. Chou, who lost his job and last looked for work three months ago
b. Stephanie, who holds a Ph.D. in history but can only find part-time employment at a fast food restaurant
c. Jordan, who would like to work as a stockbroker but is a stay-at-home father
d. Steffan, who is a patient in a mental hospital
e. Monique, age 90, who is enjoying her retirement in Montana