If the amount of money in circulation is $50 billion and the nominal GDP is $200 billion, the velocity of money is
a. 0.25
b. 0.75.
c. 2.
d. 4.
D
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Regardless of income level, when the ratio of taxes paid to income is constant then it is called
A. lump sum tax. B. marginal tax. C. progressive tax. D. proportional tax.
Which of the following factors causes economic growth?
a. a decline in capital goods production b. a loss of resources c. the production of more scarce goods d. a technological improvement e. the production of more consumer goods
The exchange rate is the price measured in one country's currency of buying several units of another company's currency
Indicate whether the statement is true or false
When the price of a bond is above face value the yield to maturity:
A. will equal the current yield. B. will be above the coupon rate. C. will equal the coupon rate. D. is below the coupon rate.