If the interest rate is 10%, at the end of two years, the value of $100 invested now is
A. $100/1.1.
B. $100/1.12.
C. $121.
D. $120.
Answer: C
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In the neoclassical growth model, if two countries are exactly the same but one has a lower population growth, we would expect that country to have
a. higher output, a higher capital-to-labor ratio, and higher per capita output growth in the steady state. b. the same output and capital-to-labor ratio, but higher per capita output growth in the steady state. c. higher output, a higher capital-to-labor ratio, and the same per capita output growth in the steady state. d. higher output, the same capital-to-labor ratio, and the same per capita output growth in the steady state.
__________________ vocally and actively opposed the re-chartering of the Second Bank of the United States
a. Nicholas Biddle b. Henry Clay c. Andrew Jackson d. Alexander Hamilton
Market prices
What will be an ideal response?
In order to raise the rate of economic growth the United States needs to
A. Spend more on consumer goods. B. Use older, tried and true technology. C. Have its consumers save less. D. Have its business firms invest more.