Toni deposited $250 into an account and one year later she had $272.50 in the account. What interest rate was paid on Toni's deposit?
a. 8 percent
b. 9 percent
c. 10 percent
d. None of the above is correct.
b
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Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy (an economy with no government and no international trade). All figures are in billions of dollars.Disposable IncomeConsumption$10,000$12,00018,00018,00026,00024,00034,00030,00042,00036,00050,00042,000The marginal propensity to consume is
A. 0.80. B. 0.20. C. 0.75. D. 0.25.
Suppose the population is 220 million people, the labor force is 150 million people, the number of people employed is 130 million and the working-age population is 175 million people. What is the unemployment rate?
What will be an ideal response?
Which of the following lags reduces the effectiveness of active policy?
a. Preliminary lag b. Accounting lag c. Self-correction lag d. Recognition lag e. Execution lag
Which of the following transactions would increase GDP?
a. a new tricycle purchased at a department store sale by the parents of a three-year-old child b. the retirement check your uncle received for spending 25 years in the Marine Corps c. the five shares of Microsoft stock your grandparents gave you for making an A in economics d. the $200 you lost when your wallet was stolen