Professor Wang Is a Member of the Faculty Committee on Academic

question 58

Multiple Choice

Professor Wang is a member of the faculty committee on academic standards.Other committee members want to begin accepting students with below-average grades.Professor Wang personally disagrees,but he will probably vote in favor of their plan if

• A) the other committee members are all in favor of the plan.
• B) he states his personal opinion early in the committee's discussion.
• C) the committee votes by private ballot.
• D) he has a high level of self-esteem.

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Definitions:

Real GDP

The measure of the value of all goods and services produced within a country over a specified period of time, adjusted for inflation.

Government Purchases

All goods and services bought by the federal, state, and local governments.

National Debt

The total amount of money that a country's government has borrowed and not yet repaid.

Fiscal Policy

Government policy related to taxation and spending to influence the economy.