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Exam (elaborations)

SOPHIA MACROECONOMICS MILESTONE 3.

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Sophia Marcoeconomics Milestone 3 1 Which of the following are NOT ways that budget deficits can have a negative effect on future economic growth? When the debt is held domestically. When they are financed with foreign-held treasury debt. When interest payments are made to foreigners. When they are financed with an increase in taxes. CONCEPT Economic Growth 2 Using the expenditure approach and the information shown here, which of the following is the calculated GDP? Individual Purchases: $32 billion Government purchases: $200 billion

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