Implicit cost is the opportunity cost of the inputs that do not require monetary payment.
Answer the following statement true (T) or false (F)
True
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Given the following information, calculate personal consumption expenditures
GDP $5,000 Gross Private Domestic Investment $1,500 Government Consumption Expenditures and Gross Investment $1,000 Net Exports -$500
The widespread decline in the volatility of many macroeconomic variables after 1984 led economists to term this period the
A) Great Moderation. B) Low Volatility Era. C) Steady State. D) Long Boom.
If the dollar depreciates relative to the Peso, it can be said that
a. Mexican citizens no longer respect the United States. b. the dollar falls in value within the United States. c. it takes fewer dollars to buy Pesos. d. the Peso appreciates relative to the dollar.
Assume that the U.S. interest rate is 5%, the European interest rate is 2%, and the future expected exchange rate in one year is $1.224. At approximately what exchange rate will the returns between the United States and Europe be equalized?
a. $1.20 b. $1.224 c. $1.188 d. $1.98