If the interest rate is 3 percent, the present value of $900 received at the end of four years is:
A. $799.64.
B. $873.79.
C. $927.40.
D. $792.00.
Answer: A
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An increase in the price of gasoline shifts the demand for tires to the
A. left, because gasoline and tires are substitutes. B. left, because gasoline and tires are normally used together. C. right, because gasoline and tires are substitutes. D. right, because gasoline and tires are normally used together.
The unemployment rate measures the percentage of
A) people who want full-time jobs, but can't find them. B) the working-age population who can't find a job. C) people in the labor force who can't find a job. D) the working-age population that can't find a full-time job. E) employed people who can't find a job.
GDP can measure either the total income of everyone in the economy or the total expenditure on the economy's output of goods and services, but GDP cannot measure both at the same time
a. True b. False Indicate whether the statement is true or false
The government has a budget deficit if
A) its total revenues are equal to its total expenditures. B) its total revenues are less than its total expenditures. C) its total revenues are greater than its total expenditures. D) the money supply is less than total expenditures.