no need for explanation, thanks.

1)

GDP4000

NDP3700

TAX REVENUE800

EXPORTS200

IMPORTS250

GOVT. PURCHASES500

CONSUMPTION2700

GROSS INVESTMENT850

The tax rate on GDP during 2018 was:

a) 0.20

b) 0.10

c) 2.00

d) 5.00

2) Which of the following methods isnota way that the U.S. is able to fund its current trade deficit?

a) Allowing banks in other countries to purchase U.S. assets

b) Relying on money accumulated from surpluses earned in the past

c) Making it legal for global businesses to build factories in the U.S.

d) Borrowing money from foreign investors

3) Structural unemployment is caused by:

a) an increase in the number of people taking early retirement

b) skills becoming obsolete when new technologies are used

c) people quitting jobs in order to search for a different job

d) a recession in the economy

4) A central feature of Keynesian economics is that:

a) most government spending is wasteful and harmful to the economy

b) government actions can be beneficial for restoring full employment

c) laissez-faire economic policy is optimal

d) government policies are ineffective in alleviating unemployment

5) During the slow recovery and expansion in the U.S. economy from 2009-2020:

a) the labor force participation rate was steadily increasing

b) some types of jobs were lost and not restored

c) there was a high rate of inflation

d) there was strong growth in GDP