Which of the following is not evidence of the lower standard of living among less-developed countries?
A. high per capita real GDP
B. high percentage of households headed by females
C. high infant mortality rate
D. low life expectancy
Answer: A
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A swap designed to compensate for mismatched securities is a type of __________ called a __________ swap
A) speculation; currency B) speculation; generic C) hedging; London D) hedging; plain vanilla
A monopoly industry: a. has very significant barriers to entry
b. faces a downward sloping demand curve. c. may earn economic profits or losses in the short run. d. has all of the above characteristics.
By how much does the real, bilateral exchange rate change when the nominal, bilateral exchange rate changes from $1.10/€ to $1.00/€, the U.S. tradable basket from $500 to $600 and the Euro-Area tradable basket from €550 to €580?
a. The real exchange rate rises approximately by 18%. b. The real exchange rate rises approximately by 20%. c. The real exchange rate rises approximately by 3% d. The real exchange rate falls approximately by 3% e. The real exchange rate falls approximately by 20%
The nominal interest rate is 3.5 percent and the inflation rate is 1.5 percent. What is the real interest rate?
a. 5.25 percent b. 5 percent c. 2.3 percent d. 2 percent