Suppose your grandmother dies and leaves you $100,000. You are trying to figure out how long it will take for it to double in value, and you don't have a calculator handy. What concept would you use?
A. Future Value
B. The Rule of 72
C. Present Value
D. Internal Rate of Return
Answer: B
You might also like to view...
The investment component of GDP includes
a. residential construction investment. b. inventory investment. c. business fixed investment. d. Both b and c e. All of the above
Because of product differentiation in a monopolistically competitive market, the demand curve for an individual firm will be
A) horizontal. B) vertical. C) downward sloping. D) upward sloping.
The growth rates of actual and potential GDP
A. are similar in both the short and long run. B. are similar in the short run but not the long run. C. are similar in the long run but not the short run. D. are different in both the short and long run.
There is no easy way for policymakers to reduce the economy's natural rate of unemployment while at the same time reducing the hardships of the unemployed
a. True b. False Indicate whether the statement is true or false