An investment has grown from $100.00 to $130.00 or by 30% over four years. What annual increase gives a 30% increase over four years?
A. 7.24%
B. 6.30%
C. 6.78%
D. 7.50%
Answer: C
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Cartels persist despite laws against them because
A) international cartels are legal. B) it is impossible to convict firms. C) of the Prisoners' Dilemma issue. D) All of the above.
A budget deficit will be least inflationary if the aggregate
A. demand curve is very steep. B. demand curve is very flat. C. supply curve is very flat. D. supply curve is very steep.
Answer the following statements true (T) or false (F)
1. The zero interest rate policy (ZIRP) presented a policy problem when the economy remained weak, and that problem is known as the zero bound problem. 2. Quantitative easing (QE) differs from open-market purchases in that QE shrank the assets of the Fed whereas open market purchases expands the Fed's assets. 3. The effects on aggregate demand of an open market purchase and a tax cut are similar.
Refer to Table 2-1. Assume Dina's Diner only produces sliders and hot wings. A combination of 40 sliders and 25 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.