Which of the following is (are) a basic principle(s) when estimating a project's cash flows?
a. cash flows should be measured on a pre-tax basis
b. cash flows should ignore depreciation since it is a non-cash charge
c. only direct effects of a project should be included in the cash flow calculations
d. cash flows should be measured on an incremental basis
e. all of the above
d
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For the world, what period of time experienced the fastest growth rate of real GDP per person?
A) between 1000 A.D. and 1500 A.D. B) around 500 B.C. C) after about 1850 A.D. D) around 400 A.D. E) between 1500 A.D. and 1850 A.D.
In the circular flow, savings specifically represents
a. households’ cash hoards. b. households’ bank savings account. c. households’ total accumulated dollars. d. total income minus consumption spending.
Inflation often bestows unearned income on
a. homeowners. b. lenders. c. creditors. d. fixed income receivers.
Demand deposits are included in
A. M2. B. M1. C. neither M1 nor M2. D. both M1 and M2.