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?
The heme group viewed from the side. This view shows the two coordination bonds to Fe2+
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