Suppose you have $400 and the inflation rate is 4 percent. In order to earn a real return of $20 on your investment, the nominal interest rate must be
A) 1 percent. B) 5 percent. C) 9 percent. D) 12 percent.
C
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What we produce during our working time is ________ as part of GDP and the enjoyment we gain from our leisure time is ________ as part of GDP
A) included; not included B) included; included C) not included; included D) not included; not included
After implementation of the Single European Act, value added taxes in the EU were
A) completely harmonized. B) unchanged. C) partially harmonized with minimum and maximum permissible values set by the EU. D) eliminated except on a few items in each country. E) cut in half in order to increase the role of corporate taxes.
When we compare PAE and actual output (Y) the macroeconomic variable we generally use to directly assess their equivalence is:
A. unemployment. B. interest rates. C. inventories. D. capital expenditure.
Which of the following would be part of the Thai demand for U.S. dollars?
a. A Thai street seller trying to sell a shirt to an American tourist b. A Thai bank selling dollars it possesses in exchange for euros c. An American exchanging dollars for Thai bahts that she will spend on her next vacation to Bangkok d. A Thai export company selling its products in the American markets e. A Thai importer who wants to buy a Caterpillar tractor