Jorge deposited $1,000 into an account three years ago. The first two years he earned 5 percent interest; the third year he earned 6 percent interest. How much money does Jorge have in his account today?
a. $1,157.90
b. $1,168.65
c. $1,176.00
d. None of the above are correct to the nearest cent.
b
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The United States Postal Service (USPS) is the only organization allowed to deliver first-class mail in the United States. The market structure that best fits the USPS is probably
A) perfect competition. B) monopolistic competition. C) monopoly. D) oligopoly.
In the above figure suppose a minimum wage of $8 per hour is imposed. As a result, the quantity of labor supplied is ________ hours and the quantity of labor demanded is ________ hours
A) 3,000; 4,000 B) 4,000; 4,000 C) 2,000; 4,000 D) 4,000; 2,000
Average physical product measures the increase in total output that results from a one-unit increase in an input
a. True b. False Indicate whether the statement is true or false
The real interest rate rises:
a. When society, as a whole, is less willing to give up consumption today for consumption in the future. b. When society, as a whole, is more willing to give up consumption today for consumption in the future. c. When expected inflation rises. It has nothing to do with whether or not a society is more or less willing to give up consumption today for tomorrow. d. When expected inflation falls. It has nothing to do with whether a society is more or less willing to give up consumption today for tomorrow.