An investment pays $100 at the end of each of the three next years. No additional payments will ever be made. If the annual interest rate is 5 percent, the present value of the investment is approximately
A) $250.
B) $272.
C) $288.
D) $300.
B
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Corporations produce most of the output in the United States
a. True b. False Indicate whether the statement is true or false
The burden of a tax is
A. the amount of revenue that the government raises from the tax. B. what it would cost in alternative tax revenue to provide the same level of service. C. greater as the total revenue from the tax decreases. D. the amount the taxpayer would have to be given to be just as well off in the presence of the tax as in its absence.
Which of the following statements accurately describes the economy with a recessionary gap?
a. SRAS intercepts AD1 at RGDPNR.
b. RGDP1 is less than RGDPNR.
c. ESR occurs along LRAS.
d. SRAS intercepts LRAS at ESR.
Which of the following is true of the 2008 Troubled Asset Relief Program?
A) It was a contractionary fiscal policy. B) It was a contractionary monetary policy. C) It was a mix of monetary and fiscal policies. D) It mainly aimed at reducing inflation.