Using the above table, what is the total utility of consuming 2 bottles of soda?
A. 140
B. 120
C. 240
D. 115
Answer: B
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Consider someone who borrows $10,000 to buy a car at a fixed interest rate of 4.5%. If inflation is 3% at the time the loan is made, then the loan must be repaid at a real interest rate of ______. But if inflation rises to ______, then the real interest rate on the loan is zero.
a. 1.5%; 7.5% b. 1.5%; 4.5% c. 3%; 7.5% d. 4.5%; 7.5%
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in the nation's domestic inflation rate b. an increase in inflation of the nation's trading partners c. a decrease in the nation's domestic inflation rate d. an increase in domestic real interest rates
The poverty line is based on the percentage of people who cannot afford an adequate diet
a. True b. False Indicate whether the statement is true or false
Under the Tax Reform Act of 1986 the maximum rate of the corporate income tax was
A. raised. B. lowered. C. not changed.