The lowest the poverty rate has been during the last 50 years was in
A. 1960.
B. 1967.
C. 1973.
D. 1979.
C. 1973.
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The growth of cities and population usually accompanies growth in commercial activity and vice versa
Indicate whether the statement is true or false
During a certain year, the consumer price index increased from 120 to 132 and the purchasing power of a person's bank account increased by 4 percent. For that year,
a. the nominal interest rate was 6 percent. b. the nominal interest rate was 14 percent. c. the inflation rate was 12 percent. d. the inflation rate was 9 percent.
Table 10.1 shows the cash flows and discounted cash flows for three mutually exclusive projects available to a company. Assume an interest rate of 5%. Which project should the company choose if they want to recover their initial investment as soon as possible?
A. Project A
B. Project B
C. Project C
D. It cannot be determined from the information given.
In the circular-flow diagram, payments for labor, land, and capital flow from firms to households through the markets for the factors of production
a. True b. False Indicate whether the statement is true or false