Which Is the Most Accurate Statement

question 251

Multiple Choice

Which is the most accurate statement?

• A)All American economists agree that the federal government deficits have been too large.
• B)High deficits tend to raise interest rates.
• C)As the federal budget deficits fall,so does the national debt.
• D)The federal budget deficit as a percentage of GDP was higher in the 1970s than in the 1980s.

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Definitions:

Cost

The amount of money required to purchase something or the expense associated with creating a product or service.

Mark-up

The extra sum included in the goods' selling price to cover both overhead expenses and profit.

Selling Price

The amount of money for which a product or service is sold to a customer.

Cost

The amount of money required to purchase something or the expenditure incurred on the production of a good or service.