If real GDP was 100 in 2015 and 104.4 in 2016, the growth rate of real GDP between 2015 and 2016 was:
A. 2.2 percent.
B. 4.4 percent.
C. 100 percent.
D. 102.2 percent.
Answer: B
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On January 1, 2015, United Delivery had trucks valued at $1.3 million. During 2015, United Delivery purchased new trucks valued at $500,000. If the value of the trucks on December 31, 2015 was $1
5 million, what is the amount of its net investment and its depreciation during 2015?
If a perpetuity has a price of $500 and an annual interest payment of $25, the interest rate is
A) 2.5 percent. B) 5 percent. C) 7.5 percent. D) 10 percent.
According to the quantity theory of money, an increase in the money supply leads to:
A. an increase in prices, as there are more dollar bills spent on the same number of goods and services. B. an increase in prices, as there are the same dollar bills spent on a greater number of goods and services. C. a decrease in prices, as there are more dollar bills spent on the same number of goods and services. D. a decrease in price, as there are the same dollar bills spent on a greater number of goods and services.
The fact that total wealth is fixed at any point in time is referred to as the
a. budget constraint. b. wealth constraint. c. wealth effect. d. hard asset effect. e. income effect.