You are given three options. You may have the balance in an account that has been collecting 5 percent interest for 20 years, the balance in an account that has been collecting 10 percent interest for 10 years, or the balance in an account that has been collecting 20 percent interest for five years. Each account had the same original balance. Which account now has the lowest balance?
a. the first one
b. the second one
c. the third one
d. They all have the same balance.
c
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Commercialization, market growth and factories emerged in rural areas
Indicate whether the statement is true or false
Which of the following statements is false?
A) If the SRAS curve shifts rightward, the price level falls in the short run. B) If AD rises and SRAS is constant, the price level rises in the short run. C) If both SRAS and AD decline, Real GDP falls in the short run. D) If both SRAS and AD increase, the price level necessarily rises in the short run. E) none of the above
Omega has a real GDP per capita of $5,000. If it has a constant 6% rate of growth, how many years will it take before Omega has a real GDP per capita of $40,000?
A. 8 B. 12 C. 36 D. 72
Resources are efficiently allocated when production occurs at that output level where price:
A. Equals marginal cost B. Equals marginal revenue C. Is greatest over average cost D. Is equal to average total cost