When comparing across countries, the higher the rate of saving
A. the lower the level of per capita real Gross Domestic Product (GDP).
B. the lower the productivity rates.
C. the higher the level of per capita real Gross Domestic Product (GDP).
D. the less industrialized the country.
Answer: C
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Refer to the scenario above. If you invest your money in the bank, you will receive ________ on maturity
A) $172,304.74 B) $898,797.66 C) $3,521,725.58 D) $4,020,025.01
When the government levies a tax that is the same fixed percentage of people's incomes, this tax is known as a(n)
a. regressive tax b. progressive tax c. proportional tax d. excise tax e. a unit tax
Marginal, average, and total figures are unrelated
a. True b. False Indicate whether the statement is true or false
Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . What is her expected wealth?
a. 80,000 b. $87,000 c. $97,000 d. $99,000