The present value of $300,000 in 12 years at 4 percent interest is approximately:
A. $187,379.
B. $427,126.
C. $312,451.
D. None of these statements is true.
Answer: A
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In 2011, Armenia had a real GDP of $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. What was Armenia's economic growth rate from 2011 to 2012?
A) 0.38 percent B) 9.0 percent C) 3.8 percent D) 8.3 percent
If workers and firms lower their inflation expectations
A) actual inflation will fall to match expected inflation. B) unemployment will rise. C) the short-run Phillips curve will be vertical. D) the short-run Phillips curve will shift downward.
You go to the movieplex where movies ordinarily cost $9 . You are intending to see a movie for which you have a $3 off coupon good for only that movie at that time. However, when you get there you see a friend who asks if you would rather see a new release. Both movies start and end at the same time. If you decide to see the new release with your friend, what is your opportunity cost?
a. the amount you value the first movie + $3 b. the amount you value the first movie + $9 c. $3 d. $9
What is the defining characteristic of a natural monopoly? Give an example of a natural monopoly