The variable used to measure economic growth is
A) the growth of the money supply.
B) the trade surplus.
C) the growth in per capita real GDP.
D) the number of new jobs created.
C
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Bev is opening her own court-reporting business. She financed the business by withdrawing money from her personal savings account. When she closed the account, the bank representative mentioned that she would have earned $300 in interest next year. If Bev hadn't opened her own business, she would have earned a salary of $25,000 . In her first year, Bev's revenues were $30,000 . and she spent
$1,000 on materials and supplies. Which of the following statements is correct? a. Bev's total explicit costs are $26,300. b. Bev's total implicit costs are $300. c. Bev's accounting profits exceed her economic profits by $300. d. Bev's economic profit is $3,700.
Which of the following is the largest?
a. the future value of $250 with 3% interest for 2 years b. the future value of $250 at 2% interest for 3 years c. the present value of $250 to be paid in two years when the interest rate is 3% d. the present value of $250 to be paid in three years when the interest rate is 2%
Which of the following affected aggregate demand during the recession of 2008-2009?
a. a decline in residential construction and a decrease in lending b. a decline in residential construction but not a decrease in lending c. a decrease in lending but not a decline in residential construction d. neither a decrease in residential construction nor a decrease in lending
Refer to the accompanying figure.
If Zeynep's current budget constraint is BC2, and her budget for ham sandwiches and cheese sandwiches is $120, then the price of a cheese sandwich is:
A. $12. B. $6. C. $2. D. $9.