The amount of interest owed on a loan of $100,000 after a year at an interest rate of 3 percent is:
A. $30,000.
B. $103,000.
C. $3,000.
D. $100,300.
Answer: C
You might also like to view...
When aggregate demand increases, there is a movement ________ along the AS curve and ________
A) up; an upward shift of the short-run Phillips curve B) down; a movement down along the short-run Phillips curve C) up; a movement up along the short-run Phillips curve D) up; a movement down along the short-run Phillips curve E) down; a downward shift of the short-run Phillips curve
If the bidders at a second-price auction have true values of $8, $7, $6, and $5, the item will sell for
a. $8 b. $7 c. just over $7 d. just under $7
Last year, total income increased $1,000 and consumption increased $800 . An increase in government spending equal to $10 would cause output to increase by $_____ because the multiplier is ______
Fill in the blank(s) with correct word
The learning curve is the relationship between
A) returns to scale and cumulative costs. B) marginal costs and current output. C) marginal product of labor and current output. D) average costs and cumulative output.