Pat earns $1,000 per week and spends $850 per week on living expenses, puts $50 in a savings account, and buys $100 worth of shares in a stock mutual fund. Pat's saving is ________, and Pat's saving rate is ________.
A. $50; 5.0 percent
B. $150; 15 percent
C. $50; 5.9 percent
D. $100; 10 percent
Answer: B
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The greater the interest rate, the ________ the present value and the ________ the discount factor.
A) larger; smaller B) larger; larger C) smaller; larger D) smaller; smaller
In the market for Canadian dollars measured in US dollars, if the price of a Canadian dollar is 0.90 cents US, a US dollar is
a. 0.90 cents Canadian b. 1 Canadian dollar c. 1.11 Canadian dollars d. 1.05 Canadian dollars
Output per person rises when
a. the population increases faster than real GDP b. real GDP rises faster than the number of employed workers c. real GDP increases at the same rate as the population d. real GDP rises slower than the population e. real GDP rises faster than the population
According to Scenario 4-1, country C has net exports of:
a. zero. b. $13 million. c. $6 million. d. ?$13 million. e. ?$6 million.