Author Question: Suppose an elected official wishes to introduce a new government program. Under a PAYGO rule, this ... (Read 46 times)

Redwolflake15 · **on:** Jun 30, 2018

Suppose an elected official wishes to introduce a new government program. Under a PAYGO rule, this new program would be adopted only if

A) the budget deficit is reduced by the same amount as the costs of the new program.
B) the budget deficit is reduced by half the amount of the costs of the new program.
C) the new program does not result in an increase in the current or future budget deficit.
D) none of the above

Question 2

Convergence of output per capita across countries has come from

A) a convergence of saving rates.
B) a convergence of the accumulation of capital.
C) higher technological progress from the countries that started behind.
D) all of the above