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%
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
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.