Annual deaths from medical issues related to tobacco use are approximately
a. 100,000
b. 220,000
c. 330,00
d. 440,000
e. 550,000
D
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If a country is growing at an annual growth rate of 5%, what will be its GDP after 5 years?
A) 5 times the current GDP B) 1.28 times the current GDP C) 3.21 times the current GDP D) 1.8 times the current GDP
As we move downward along a typical isoquant, the slope of the isoquant
A) becomes flatter. B) becomes steeper. C) remains constant. D) becomes linear.
The federal government collects taxes on
a. real capital gains. b. nominal capital gains. c. real capital losses. d. nominal capital losses.
Suppose the reserve-deposit ratio is res = 0.5 - 2 i,where i is the nominal interest rate. The currency-deposit ratio is 0.2 and the monetary base equals 100. The real quantity of money demanded is given by the money demand function L(Y, i) = 0.5Y - 10 i,where Y is real output. Currently the real interest rate is 5% and the economy expects an inflation rate of 5%. Assume the price level P is equal to 1.(a)Calculate the money multiplier.(b)Calculate the reserve-deposit ratio.(c)Calculate the money supply.(d)Calculate the value of output Y that clears the asset market.
What will be an ideal response?