Suppose a bank has $500,000 in deposits and a required reserve ratio of 10 percent. Then required reserves are
A. $50,000.
B. $500,000.
C. $5,000,000.
D. $10,000.
Answer: A
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The Human Development Index does not contain a component on
a. income b. literacy c. food intake d. life expectancy e. it contains components of all
Figure 36-6
?
In Figure 36-6, an expansive fiscal policy in a closed economy results in an equilibrium at point E. In an open economy, allowing for the effects of the induced change in the currency value, the final equilibrium would be point
A. B. B. F. C. J. D. H.
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold for $1 to a grocery store who sells it to a consumer for $2.00 . Taking these four transactions into account, what is the effect on GDP?
a. GDP increases by $3.00. b. GDP increases by $5.00. c. GDP increases by $6.00. d. GDP increases by $7.00.
Sasha has a master's degree in writing, and currently works full-time as a 2nd grade classroom helper. She submits articles for the local paper on occasion, and gets paid only when the editor agrees to publish a submission. Sasha would love to be a full-time reporter. The best way to describe Sasha is to say she is ________; the Bureau of Labor Statistics would count Sasha as ________.
A. employed; employed B. underemployed; employed C. underemployed; underemployed D. discouraged; underemployed