Author Question: In August 2011, Standard & Poor's (S&P) changed its rating on U.S. Treasury bonds from AAA ... (Read 88 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
In August 2011, Standard & Poor's (S&P) changed its rating on U.S. Treasury bonds from AAA to AA+ based on the state of the federal government's budget deficit.
 
  This was the ________ a rating agency had given Treasury bonds less than a rating of AAA.
  A) first time ever B) second time since the year 2000
  C) fifth time in history D) first time since the Great Depression

Question 2

Refer to Table 8-7. Suppose that a simple economy produces only four goods and services: iPods, t-shirts, bottled water, and oranges. Calculate nominal GDP for this simple economy.
 
  What will be an ideal response?



Mochi

  • Sr. Member
  • ****
  • Posts: 300
Answer to Question 1

C

Answer to Question 2

Nominal GDP equals (20



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library