If Pat pays $500 for a one-year bond that carries an interest rate of 10 percent per year, how much will she be repaid at the end of the year?
a. $600
b. $510
c. $620
d. $550
e. $500
D
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The following table reports transactions that occurred in Whoville. Nominal GDP in Whoville is ________
Item Price per Unit Quantity Bottles of French Wine $20 10 Boxes of Cereal $4 20 Used Tires $15 5 Shares of Twitter Stock $10 15 Hours of Swimming Lessons $5 8 A) $320 B) $545 C) $120 D) $395 E) $195
Why might an individual set up trusts?
A. as a strategy to avoid taxes on wealth. B. for lower insurance premiums. C. to insure the security of a loan. D. to have a steady stream of income during retirement.
Gross domestic product (GDP) is a good measure of social welfare since it includes the value of leisure time
a. True b. False Indicate whether the statement is true or false
President Obama would generally advocate increased spending when the economy needs stimulus and increased taxation when the economy needs to be restricted
a. True b. False Indicate whether the statement is true or false