Refer to the above table. The production of this good goes through 4 different stages of production. What is the value added at Stage 2?
A. $0.75
B. $0.10
C. $0.02
D. $0.08
Answer: C
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If nominal money supply grows 3% and real money demand grows 8%, the inflation rate is
A) -5%. B) 8/3%. C) 5%. D) 11%.
Assume that the marginal tax rate is 10 percent for the first $10,000 of income, 20 percent for income between $10,000 and $40,000, and 30 percent for any income over $40,000. If Jerome has taxable income equal to $60,000 for the year, what is his tax bill?
A. $6,000. B. $13,000. C. $18,000. D. $15,000.
Which one of the following is not one of the monetary control instruments available to a Central Bank?
(a) Moral suasion (or advice); (b) Reserve requirements; (c) Discount rate; (d) Tax rates.
Refer to the following table which gives the demand and cost data for a price-setting firm:
A. $104 B. $107 C. $106 D. $105 E. $108