Gross domestic product is the market value of all the _______ in a given time period
A. goods and services bought by Americans
B. goods and services produced by American companies in all countries
C. final goods and services produced by all firms located in the United States
D. U.S.-produced goods and services bought in the United States
C Answer C is the definition of GDP.
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In the savings function S = -725 + 0.25y, 0.25 is the
A) MPS. B) slope of the consumption function. C) MPC. D) vertical intercept of the savings function.
In the figure below, spending $1 million on advertising increases the demand from D0 to D1. What is the marginal benefit of the advertising?
A) $90 million
B) $1 million
C) $80 million
D) None of the above answers are correct.
Bond coupon payments represent
A) dividends paid to owners. B) interest on the amount borrowed. C) capital gains for tax purposes. D) payments to preferred shareholders.
A bond with a par value of $1,000 is traded at $2,000 . The interest rate offered on the bond is 10 percent per annum. The bond matures after a period of 5 years. The yield from the bond is:
a. 5 percent. b. 10 percent. c. 20 percent. d. 15 percent. e. 2.5 percent.