Refer to the information provided in Table 21.4 below to answer the question(s) that follow. Table 21.4
Refer to Table 21.4. The value for disposable personal income in billions of dollars is
A. 750.
B. 770.
C. 820.
D. 990.
Answer: A
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Which of the following is true? i) A rational choice is made on the margin. ii) Microeconomics is the study of the national economy while macroeconomics is the study of the global economy. iii) Economists try to understand how the economic world works by testing normative statements.
A. Only ii B. i and ii C. Only iii D. i and iii E. Only i
Answer the next question on the basis of the following data. OutputTotal Cost0$24133241348454561669The average total cost of producing 3 units of output is
A. $14.00. B. $16.00. C. $12.00. D. $13.50.
The coupon rate is the percentage of
A. profits distributed to bondholders. B. profits distributed to stockholders. C. the face value of the bond that is paid out regularly to the bondholder. D. the assets of the corporation that is paid out regularly to each stockholder.
Higher real GDP growth usually causes
A) a drop in net exports. B) a rise in net exports. C) a drop in the trade deficit. D) A and C.