If the interest rate is 5%, what is the present value of $10,000 received three years from now?
A. $8,638
B. $9,000
C. $11,600
D. $11,000
A. $8,638
Economics
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Proponents of the minimum wage implicitly assume that the ________ if they discount the unemployment effects of the policy.
A. demand curve for unskilled workers is inelastic B. supply curve for unskilled workers is inelastic C. supply curve for unskilled workers is highly elastic D. demand curve for unskilled workers is highly elastic
Economics
Define GDP.
What will be an ideal response?
Economics
When disposable income is 6000, how much is consumption?
Economics
In calculating the net exports component of GDP, exports
a. and imports are subtracted b. and imports are included c. and imports are equal d. are included and imports are not e. are included and imports are subtracted
Economics