You put money into an account that earns an 8 percent nominal interest rate. The inflation rate is 5 percent, and your marginal tax rate is 10 percent. What is your after-tax real rate of interest?
a. 2.2 percent
b. 2.7 percent
c. 11.7 percent
d. 7.7 percent
a
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Use the following table to answer the question below.OutputTotal Cost0$10102020283038405350736098The marginal cost associated with the production of the fortieth unit of output is
A. $2.50. B. $9.80. C. $1.50. D. $1.00.
The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition and the government intervenes by setting a support price of $15 a ton
The quantity bought by domestic users once the price support is in place is A) 300 million tons. B) 400 million tons. C) 250 million tons. D) 200 million tons. E) 100 million tons.
Refer to Figure 13-1. Ceteris paribus, a decrease in households' expectations of their future income would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
If $.80 U.S. = $1.00 Canadian,
A. a U.S. nickel is worth four Canadian cents. B. a U.S. quarter is worth 40 Canadian cents. C. 40 Canadian cents are worth 50 U.S. cents. D. $.04 U.S. is worth 5 Canadian cents.