In 2012, the imaginary nation of Kanmiw had a population of 8,044 and real GDP of 36,198,000 . In 2013 it had a population of 7,800 and real GDP of 35,880,000 . What was the growth rate of real GDP per person in Kanmiw between 2012 and 2013?
a. -2.2 percent
b. -0.7 percent
c. 2.2 percent
d. 4.5 percent
c
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Securitized loans
What will be an ideal response?
You are offered a free ticket to see the Chicago Cubs play the Chicago White Sox at Wrigley Field. Assume the ticket has no resale value. Willie Nelson is performing on the same night, and his concert is your next-best alternative activity. Tickets to see Willie Nelson cost $40 . On any given day, you would be willing to pay up to $50 to see and hear Willie Nelson perform. Assume there are no
other costs of seeing either event. Based on this information, at a minimum, how much would you have to value seeing the Cubs play the White Sox to accept the ticket and go to the game? a. $0 b. $10 c. $40 d. $50
Variable costs are:
A. Sunk costs B. Costs that change every day C. Costs that change with the level of production D. The change in total cost due to the production of an additional unit of output
A "guaranteed" business loan is one
A) made under a line of credit. B) backed up by outside collateral. C) backed up by inside collateral. D) the business owner is personally liable for repaying.