Suppose the annual growth rate of GDP in Belize is 3.5 percent. In 20 years, GDP in Belize will double:
A. 1 time.
B. 1.5 times.
C. 3.5 times.
D. 7 times.
Answer: A
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Real interest rates are difficult to measure because
A) data on them are not available in a timely manner. B) real interest rates depend on the hard-to-determine expected inflation rate. C) they fluctuate too often to be accurate. D) they cannot be controlled by the Fed.
Dividends
A) raise after tax net income. B) are not tax deductible. C) are tax deductible. D) have the same tax treatment for the firm as the tax treatment of interest payments.
Why do banks create money? Do they create money to help the Federal Reserve control the money supply or is there a more basic reason?
What will be an ideal response?
Refer to the data provided in Table 10.2 below to answer the following question(s).
Table 10.2 
Refer to Table 10.2. If workers are paid $150 per day, then the firm is profit maximizing when it hires ________ workers.
A. two B. three C. four D. five