What is considered to be the best measure of the risk-free interest rate?
A. The rate of return on a corporate bond index fund
B. The rate of return on a corporate stock index fund
C. The rate of return on the Standard and Poor's 500
D. The rate of return on short-term U.S. government bonds
D. The rate of return on short-term U.S. government bonds
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The growth rate of real GDP equals
A) [(real GDP in previous year - real GDP in current year) ÷ real GDP in previous year] × 100. B) [(real GDP in current year - real GDP in previous year) ÷ real GDP in previous year] × 100. C) [(employment in the current year - employment in previous year)/employment in previous year] × 100. D) (real GDP in current year - real GDP in previous year) × 100. E) [(real GDP in current year - real GDP in previous year) ÷ real GDP in current year] × 100.
If a 15% change in price results in a 20% change in quantity supplied, then the price elasticity of supply is about
a. 1.33, and supply is elastic. b. 1.33, and supply is inelastic. c. 0.75, and supply is elastic. d. 0.75, and supply is inelastic.
The summary of the flows of goods, services, assets, and currency in and out of a country in a particular year is
A. the balance of income statement. B. the balance of payments. C. the balance of trade. D. the trade deficit.
We have achieved production efficiency if we can produce more of one good without producing less of some other good
Indicate whether the statement is true or false