The present value of a property is the
a. loanable funds used to purchase the property
b. profit earned by landlords
c. value today of the stream of returns a property will generate in the future
d. interest rate divided by the annual return of a property
e. rent derived from owning the property
C
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If an economy's depreciation is greater than its gross investment, then
A) net investment is negative and saving is negative. B) net investment is positive and saving is positive. C) net investment must equal saving. D) the economy's capital stock decreases. E) net investment is positive and saving is negative.
Which one of the following would cause an increase in the supply of planes?
A) a decrease in the demand for planes B) an increase in the price of planes C) an increase in taxes applied to plane producers D) an improvement in the technology used to produce planes
Most economists agree that
A. active policymaking is unlikely to exert sizable long-run effects on real Gross Domestic Product (GDP). B. passive policymaking is likely to exert sizable long-run effects on real Gross Domestic Product (GDP). C. active policymaking is likely to exert sizable long-run effects on real Gross Domestic Product (GDP). D. none of these
Refer to the information provided in Figure 5.2 below to answer the question(s) that follow.?Figure 5.2Refer to Figure 5.2. If the price of a hamburger increases from $8 to $10, the price elasticity of demand equals ________. Use the midpoint formula.
A. -0.33 B. -3.0 C. -30. D. -300