Suppose that ten years ago the dollar would buy 162 Japanese yen, but now the dollar will buy only 123 yen. Relative to the yen, over the past ten years the value of the dollar ________.
A. increased by about 24%
B. increased by about 32%
C. decreased by about 24%
D. decreased by about 32%
Answer: C
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In the above figure, x is
A) positively related to y and negatively related to z. B) positively related to both y and z. C) negatively related to y and positively related to z. D) negatively related to both y and z.
Refer to Table 22-3. Use the table above to calculate the annual growth rate in GDP. Also calculate the total percentage change in the growth from 2013 through 2016
Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.
When the Dutch East India Company was founded in 1602, it raised financial capital by issuing notes of indebtedness called
A) stocks. B) bonds. C) funds. D) notes.
Positive economics
a. postulates relationships among economic variables that are potentially refutable by real-world events. b. is strictly quantitative and is, therefore, of little value to policy makers. c. will usually indicate which economic policy is best. d. is the same as normative economics.