From the 1950s to the Early 1980s,transfer Payments' Share of GDP

question 51

Multiple Choice

From the 1950s to the early 1980s,transfer payments' share of GDP

• A)steadily increased.
• B)steadily decreased.
• C)remained fairly steady.
• D)increased during Democratic administrations and decreased during Republican administrations.

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Definitions:

Treasury Bill

Short-term, highly liquid government debt obligation issued at a discount from the face value and returning the face amount at maturity.

Par Value

The nominal value of a security stated by the issuer.

Effective Annual Yield

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Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, including all payments of interest and principal.