Imagine that two years ago you inherited $20,000 and put it into an account paying a fixed 8 percent annual interest rate. How much money do you have in your account now?
a. $22,880.00
b. $23,200.00
c. $23,232.00
d. $23,328.00
d
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Leisure is
A) wasteful to society. B) an inferior good. C) a complementary good to labor. D) a normal good.
One of the most centrally planned economies in the world today is found in
a. the United States b. Germany c. Canada d. Japan e. North Korea
George and Susan work at the same brewery. George works in advertising. Susan works as a forewoman in the bottling plant. George is paid more than Susan
a. Because the male worker earns a higher salary than the female worker, the employer must be discriminating against women. b. If George has better performance reviews than Susan, the company might be rewarding George for his high productivity. c. If forepersons at bottling plants typically earn more than employees in the advertising department, then the brewery must be discriminating against women. d. George might be earning more because he works the day shift while Susan works the night shift.
The distribution of GDP between different factions within an economy most closely relates to the _____________ method of aggregate accounting. The fact that the value of GDP remains equal regardless of whether GDP is measured by what people are earning or what they are producing is referred to as an ___________.
Fill in the blank(s) with the appropriate word(s).