The rate of interest charged by the Fed and paid by banks when they borrow reserves from the Fed is called the
A. prime rate.
B. real interest rate.
C. reserve rate.
D. discount rate.
D. discount rate.
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GDP can be calculated by summing ________.
A. consumption, investment, government purchases, and net exports B. consumption, investment, government purchases, exports, and imports C. consumption, investment, wages, and rents D. consumption, investment, government purchases, and imports
In this graph, what is the total economic profit?
a. $0
b. $80
c. $120
d. $350
Which of the following properly ranks the size of tax revenues received by the federal government from highest to lowest?
A. Income taxes, Social Security payroll taxes, corporate taxes, and excise taxes. B. Social Security payroll taxes, excise taxes, corporate taxes, and income taxes. C. Corporate taxes, Social Security payroll taxes, income taxes, and excise taxes. D. Excise taxes, Social Security payroll taxes, income taxes, and corporate taxes.
A reasonable estimate of the world's population that lives on less than $2 per day is
A. 80 percent. B. 10 percent. C. 40 percent. D. 50 percent.