If an individual deposits an amount at a compound interest rate of r% per year for a time period of T years, then:
A) Future Value = (1 - r)T × (Original Principal).
B) Future Value = (1 + r)/T × (Original Principal).
C) Future Value = (1 - r)/T × (Original Principal).
D) Future Value = (1 + r)T × (Original Principal).
D
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The country that suffered an extreme inflation rate of 89,700,000,000,000,000,000,000 percent in November 2008 was
a. England b. Zimbabwe c. Germany d. Egypt e. the former Soviet Union
The IMF offers loans to developing countries in times of balance of payment constraints, but the IMF also faces strong criticisms because:
A. contractionary fiscal policy and expansionary monetary policy tend to be ineffective against balance of payment constraints. B. contractionary fiscal and monetary policies are always undesirable for any developing country. C. it employs economists that know little about developing countries and their economic affairs. D. the conditions tend to be procyclical, therefore worsening the recessions.
According to the circular flow, the value of total output produced and total income
A. will always be different by the amount of firm profits B. should increase by the unanticipated rate of inflation. C. will be equal. D. should differ by the value of intermediate goods.
In the last few decades, the poverty rate in the US has
A. changed little. B. decreased. C. increased. D. may have increased or decreased, we do not know for certain.