Which of the following is closest to the future value of a $40,000 deposit earning 3 percent interest annually after 5 years?
A. $41,282
B. $46,021
C. $46,371
D. $41,150
C. $46,371
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If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be
A. $200. B. $250. C. $3,200. D. $800.
Using the data in the above table, in the short-run macroeconomic equilibrium, there is
A) an inflationary gap of $1 trillion. B) an inflationary gap of $2 trillion. C) a recessionary gap of $1 trillion. D) a recessionary gap of $2 trillion.
As noted in the text, the major Japanese auto manufacturers agreed to "voluntary" import restrictions that reduced the number of cars they could ship to the U.S. market in the 1980s
One of the key outcomes from this policy is that the Japanese manufacturers were able to: A) focus on more profitable auto markets in other countries. B) raise their prices of autos in the U.S. market and capture higher profit margins on the imported cars. C) cut their costs by more than the import tariff, so profit per auto increased. D) all of the above
Imagine an economy with production function Y = F(K) = and 400 units of capital. If the fraction of output invested in new capital is ? = 0.2, how much new capital will be created in the next period?
A. 2 B. 6 C. 8 D. 4