From the quantity equation we find that the rate of inflation is equal by definition to the growth rate of nominal GDP ________ the growth rate of real GDP
A) minus
B) plus
C) multiplied by
D) divided by
A
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Easy entry and exit ensure that perfectly competitive firms cannot make a long-run economic profit
Indicate whether the statement is true or false
Consumer finance companies, because of the __________-term nature of their liabilities, prefer to hold __________-term assets
A) long; long B) long; short C) short; long D) short; short
Suppose the total value of all assets in the Country A is $10 trillion. In 2020, the total value of all final services produced in Country A was $150 billion, the total value of all final goods produced in Country A was $350 billion, and the total value of all final goods and services produced by Country A's firms in other countries was $100 billion. In this situation, Country A's Gross Domestic Product for 2020 was
A. $510 billion. B. $600 billion. C. $500 billion. D. $10.5 trillion.
If the dollars-per-euro spot rate is 0.7750 and the 3 month forward rate is 0.7800, what is the amount of the standard forward discount or premium?
A) 2.58% B) 2.56% C) 7.69% D) 7.74%