Which of the following circumstances would not cause GDP to either understate or overstate economic well-being today in comparison to that which existed 75 years ago?
A. A shorter workweek today
B. Greater military spending today
C. A trend toward merger and consolidation of business firms
D. More air and water pollution
Answer: C. A trend toward merger and consolidation of business firms
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The economic hardship resulting from a financial crises is severe, however, there are also social consequences such as
A) increased crime. B) difficulty getting a loan. C) currency devaluations. D) loss of output.
If the present value of an individual's savings account is $100,000, what is its future value in 5 years if the account earns an annual interest rate of 2 percent?
A) $112,125.40 B) $109,582.03 C) $110,250.00 D) $110,408.08
The owner of a bakery decides to drop the price of lemon cakes by 5%, how much does quantity sold have to rise to stop the revenue from decreasing
a. 2% b. 3% c. 4% d. 5%
If spending increased by $250, and the GDP decreased $1,000 as a result, the MPC must be:
A. ?0.75 B. 0.75 C. ?4 D. 2