Answer: $1,800
Explanation:
Nominal GDP in 2007 is the market value of the final goods and services produced in the country in that year.
= (30 * 20) + (30 * 40)
= 600 + 1,200
= $1,800
Answer: the United States and Mexico went to war cause of the Westward Expansion
Explanation:
All through the 19th century Americans believed it was their right to expand westward. At the time they believed they could conquer the people already living on the land and take it for the United States.
Answer:
The Fed can increase the monetary base using one of these two tools:
- Open-market operations: if the Fed wants to increase the money supply, it can buy government bonds. The money the Fed prints to buy these bonds increase the monetary base.
- Reserve requirements: the Fed can increase the reserve-deposit ratio for commercial banks. In other words, commercial banks will have to keep more reserves as a percentage of the deposits they hold, and this increases the monetary base.
<span>c. the national debt is an accumulation of deficits
</span>In simple terms, a budget deficit<span> is the </span>difference between<span> what the</span>federal government<span> spends (called outlays) and what it takes in (called revenue or receipts). The </span>national debt<span>, also known as the public </span>debt<span>, is the result of the </span>federal government<span> borrowing money to cover years and years of budget </span>deficits<span>.</span>
