Post-Revolutionary trade data show that after 1790:
a. U.S. trade with non-British areas of the Caribbean increased.
b. the export of food to the West Indies increased.
c. trade in the southern U.S. did not keep pace with population growth.
d. the U.S. exported tobacco to France and the Netherlands.
e. All of the above.
e. All of the above.
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The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time.Turning PointDateReal GDP(1996 $ billions) (A)July 19531992.2(B)May 19541941.0(C)Apr. 19572182.7(D)Apr. 19582117.4(E)Apr. 19602391.0The economy experienced a recession that lasted from:
A. July 1953 to April 1957. B. May 1954 to April 1958. C. May 1954 to April 1957. D. July 1953 to May 1954.
When the annual interest rate is 7 percent, what is the present value of receiving a payment of $10,000 three years from now?
a. $10,700.00. b. $10,244.89. c. $9,300.00 d. $8,162.98.
Real GDP means GDP:
A. valued at prices in a base year. B. that does not change from year to year. C. corrected for changes in quality. D. valued at prices at which goods are actually sold.
The 1997 Kyoto Protocol was signed by
A) only the United States and the European Union. B) only nations in Asia. C) more than three dozen nations. D) all nations in the world.