In an economic context, the word deficit means
a) reduced money supply
b) decrease in available credit
c) inadequate or insufficient funds
d) decline in leading economic indicators
Question 2
The total dollar value of all goods and services produced by all citizens in the
United States in a given one-year period is referred to as
a) gross national product (GNP)
b) U.S. labor productivity
c) Dow Jones Industrial Average
d) national economic growth rate