GDP per capita is:
A. negatively correlated with quality of life.
B. highly correlated with quality of life.
C. loosely correlated with quality of life.
D. perfectly correlated with quality of life.
Answer: B
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Natural resource cartels such as OPEC are inherently unstable because their members operate with excess capacity and have an incentive to cheat on their output quotas
Indicate whether the statement is true or false
Refer to the information above. What is the value of the firm's capital stock at the end of period 5?
A) 612.5 B) 106.75 C) 175 D) 89.25
Which of the following transactions would be excluded in the capital account?
a. A Japanese citizen purchases a U.S. Treasury bill. b. A Japanese citizen purchases an office building in Manhattan. c. A U.S. citizen purchases a share of stock from a Japanese company. d. An American purchases a Toyota.
Answer the following question based on the information given below: Deposits at the central bank = 400 U.S. Government Securities = 600 Checking Deposit = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 380 Borrowing from the central bank = 250 Cash in the Vault = 150 If the reserve requirement is 10%, the level of excess reserves equals:
a. 495 b. 310 c. 550 d. 380 e. Cannot be determined with this information.