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
North America and the Global Economy
Links to the World Economy
Japan’s Economy and Society
Sample budget spreadsheet form for first year of business.
A Tough Economy ...for students
economy manegment