Government spending shrank the most in _____ relative to GDP ...

[newyorker26]

Government spending shrank the most in _____ relative to GDP between 1997 and 2016.
 a. Canada
 b. Australia
  c. Germany
  d. Spain
 e. the U.K.

Question 2

Suppose the nominal wages of workers in an economy increase by 7 percent while the price level rises by 5 percent. The real wages:
 a. would increase by about 2 percent.
  b. would decrease by about 5 percent.
  c. would increase by about 50 percent.
  d. would increase by about 10 percent.
  e. would decrease by about 25 percent.

[aham8f]

Answer to Question 1

a

Answer to Question 2

a

[newyorker26]

Correct answers!

[aham8f]

Great! Please up vote