The annual interest payment divided by the bond's price is the
A. Current yield.
B. Default value.
C. Market price.
D. Risk yield.
Answer: A
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In the United States, spending on Social Security, Medicare, and Medicaid was approximately ________ of GDP in 1962, and is expected to be approximately ________ of GDP in 2050
A) 12%; 50% B) 3%; 20% C) 40%; 5% D) 25%; 65%
Which word or phrase best completes the following sentence? Marginal analysis means evaluating _________ changes from a current situation. a. positive or negative. b. infinite
c. alternating. d. maximum.
Beth recently began running her husband's lumber mill. Last month she took in $5,000 in sales revenue and paid $3,400 in out-of-pocket costs. She made an economic profit last month if her implicit costs were:
a. $1000. b. $1600. c. $2400. d. $3300.
What is measured on the vertical axis when we draw a graph of long-run aggregate supply?
A. production of capital goods B. spending on goods and services in an economy C. real GDP D. the price level