The payment of interest not only on the original deposit, but on all previously accumulated interest is called:
A. simple interest.
B. the real interest rate.
C. the nominal interest rate.
D. compound interest.
Answer: D
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If real GDP is less than potential GDP, the economy is
A) not in macroeconomic equilibrium. B) at full employment. C) in an above-full-employment equilibrium. D) in a below-full-employment equilibrium.
A _____ is a combination of an annuity that consists of coupon payments and a terminal payment of the par value
a. share b. bond c. perpetuity d. debenture
In a PEST, how would an aging population be categorized?
Political factor Economic factor Social factor Technological factor
The average propensity to consume is
A. real saving/real disposable income. B. change in real saving/change in real disposable income. C. real consumption/real disposable income. D. change in real consumption/change in real disposable income.