Mr. Jones, an elderly man living on his retirement, pulls $100,000 from certificates of deposit (CDs), which were returning an annual rate of return of 5%
He thinks the credit freeze is over and stock markets are headed up, but ends up losing 40% in his first year of investing. What was Mr. Jones's rate of economic profit? A) 5%
B) 35%
C) -35%
D) -40%
E) -45%
E
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When the Federal Reserve conducts an open-market purchase, the money supply _____ and aggregate demand _____
Fill in the blank(s) with correct word
What is the smallest form of a bit coin called?
A. Satoshi B. Excell C. Nakamoto D. coinage
Refer to Figure 18.4. With free trade, what is the equilibrium price of gloves in Duckland?
A. $0 B. $8 C. $9 D. $11
The short-run aggregate supply curve would shift and the long-run aggregate supply curve would remain fixed if
A. bad weather that affects transportation for two days. B. tough new environmental laws were passed. C. there was an increase in immigration. D. the retirement age increased by two years.