For the following questions, suppose an economy produces only pens and pencils, and that the quantity and price data is given by this table
pens pencils
Year 1 quantity 15 10
Year 1 price $12 $12
Year 2 quantity 17 12
Year 2 price $14 $15
What is the real GDP in year 2 using base year 1?
A) $418
B) $300.
C) $360.
D) $338.
D
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Using statistical models to estimate the maximum losses a portfolio's value is likely to sustain over a particular time period is called:
A) gap analysis B) duration analysis C) value-at-risk approach D) credit-risk analysis
What is the marginal product of labor?
a. units of output added by a worker b. average variable cost of one unit of output c. revenue added by adding a worker d. price of output minus cost of input
Given expectations of future exchange rates, when foreign returns are greater than domestic returns, investors will ___domestic assets, ___domestic currency, ___ foreign currency, and ___ foreign assets.
a. sell; sell; buy; buy b. sell; buy; sell; buy c. buy; sell; buy; sell d. buy; buy; sell; sell
If there were no usury law the interest rate would be _______%.
A. under 18
B. 18
C. 22
D. 28