The sum of all factor payments in the economy yields
A. gross domestic product.
B. national income.
C. disposable income.
D. net domestic product.
Answer: B
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Mutual savings banks are owned by
A) shareholders. B) partners. C) depositors. D) foreign investors.
A "conservative" central banker cares
A) less about inflation and more about unemployment than the government. B) more about economic growth and less about inflation. C) more about inflation and less about unemployment than the government. D) less about economic growth and more about inflation.
Refer to the given information. If the price of this bond falls by $200, the interest rate will:
Answer the question on the basis of the following information for a bond having no expiration date: bond price = $1,000; bond fixed annual interest payment = $100; bond annual interest rate = 10 percent. A. rise by 2.5 percentage points. B. rise by 5 percentage points. C. fall by 2.5 percentage points. D. fall by 5 percentage points.
Refer to Scenario 9.8 below to answer the question(s) that follow. SCENARIO 9.8: Investors put up $1,040,000 to construct a building and purchase all equipment for a new gourmet cupcake bakery. The investors expect to earn a minimum return of 10 per cent on their investment. The bakery is open 52 weeks per year and sells 900 cupcakes per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly). Included in the fixed costs is the 10% return to the investors and $2,000 in other fixed costs. Variable costs include $2,000 in weekly wages, and $600 per week in materials, electricity, etc. The bakery charges $8 on average per cupcake.Refer to Scenario 9.8. The bakery is making ________ economic profits per week.
A. negative B. positive C. break-even D. zero