If you put $125 into an account that paid 3.25 percent interest, then how much money would you have in the account after 20 years?
a. $285.83
b. $236.98
c. $202.04
d. $145.65
b
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________ economists believe that the economy is self-regulating and always at full employment
A) Keynesian B) Monetarist C) Classical D) All
The opportunity cost of economic growth is
A) future consumption that a nation gets if it gives up some present consumption. B) future consumption that a nation gives up to consume more today. C) present consumption that a nation gives up to accumulate capital. D) present investment that a nation gives up to increase its economic growth.
Which of the following is not a reason it is harder to unionize in the fast growing service industry? a. Service sector jobs are often in small firms, making it difficult to organize large numbers of employees across the industry. b. Service industry jobs are often standardized, reducing the need for unions to negotiate working conditions. c. Employees in the service sector often work more
closely with management. d. Service industry jobs are more varied, making it harder to negotiate as a group.
When consumer spending is broken down into the major categories of goods and services, the largest single category is spending on transportation
a. True b. False Indicate whether the statement is true or false