If real GDP in year 1 is $72 million and real GDP in year 2 is $87 million, then the growth rate of real GDP is
A) 15 percent.
B) $15 million.
C) 20.8 percent.
D) 17 percent.
E) 83 percent.
C
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The interest rate is the opportunity cost
A) of investing in stocks. B) of investing in Treasury securities. C) of using credit cards. D) of holding money.
If you marry your electrician:
a. Real and nominal GDP rise. b. Real GDP rises but nominal GDP falls. c. Real GDP falls, but nominal GDP rises. d. Real and nominal GDP fall. e. There is no change in real or nominal GDP.
Speculating in a position exposed to exchange-rate risk is the act of reducing or eliminating a net asset or net liability position in the foreign currency.
Answer the following statement true (T) or false (F)
Irrespective of the market structure, a firm maximizes profit at the level of output where the price of its product equals its marginal cost
a. True b. False Indicate whether the statement is true or false