If Bountiful Orchard grows $100,000 worth of peaches, sells $50,000 worth of peaches to consumers and uses to rest to make jam that is sold to consumers for $100,000, Bountiful Orchard's contribution to GDP is:
A. $200,000.
B. $150,000.
C. $100,000.
D. $50,000.
Answer: B
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Ron regularly deposits $200 each week into a savings account, which earns 3% interest per year. This month he decides instead to invest $200 into the stock market. What is the opportunity cost of Ron's decision to invest rather than save?
A) $200 B) The 3% interest he could have earned by depositing another $200 into his savings account C) The difference between the rate of return he enjoys in the stock market and the 3% interest return he could have earned by depositing that $200 into his savings account D) Zero, because Ron already had the $200
The figure above shows the price of a DVD player from 2003 to 2007
a) What type of graph is illustrated above? b) What is the trend in the price of a DVD player?
Eli Whitney is most noted for
a. inventing the steam engine. b. inventing the cotton gin. c. inventing the technology for the first railroad engine. d. developing the Erie Canal.
Which of the following is not a coincident indicator?
A. personal income B. industrial production C. manufacturing and trade sales D. average workweek