A monthly growth rate of 0.5% is an annual growth rate of:
A. 6.50%
B. 6.17%
C. 5.00%
D. 6.00%
Answer: B
You might also like to view...
What is a voluntary export restraint (VER)?
What will be an ideal response?
Which of the following statements correctly characterizes the elasticity of demand for food?
a. While food demand is not very responsive to changes in price, increases in income produce big increases in the demand for food. b. As income increases, the quantity demanded of food decreases. c. If the price of food falls by 5 percent, quantity demanded will rise by less than 5 percent. d. People consume the same amount of food regardless of the price of food.
Other things constant, if Americans suddenly decreased their desire for Mexican tequila, the exchange rate value of the Mexican peso would
a. increase, which is an appreciation of the Mexican peso. b. increase, which is a depreciation of the Mexican peso. c. decrease, which is an appreciation of the Mexican peso. d. decrease, which is a depreciation of the Mexican peso.
Excess reserves are:
A. Bank reserves in excess of required reserves. B. Legal reserves in excess of lending reserves. C. Transactions deposits plus traveler's checks. D. Total reserves plus deficient reserves.