The population of a small town is 5,000. There are 4,000 people in the labor force, and 3,500 people are employed. The unemployment rate equals
A. 5 percent.
B. 10 percent.
C. 12.5 percent.
D. 35 percent
Answer: C
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The "Big Mac index" was created by The Economist magazine to determine
A. how successful the McDonald's corporation has been around the world. B. the accuracy of exchange rates. C. whether or not the dollar was overvalued or undervalued. D. None of these statements are true.
According to the Gordon-Growth model, what will be the percentage change in the value of a stock of a company whose current dividend is $10.00 and whose dividends had been expected to grow by 3% but now are expected to grow by 4% per year?
A) 4.0% B) 17.8% C) 25.0% D) 33.3%
Which of the following best expresses the future value of $100 left in a savings account earning 3.5% for three and a half years?
A. $100(1.035)3.5 B. $100 × 3.5 × (1.035) C. $100(0.35)3.5 D. $100(1.035)3/2
Use the above table. What will the price be when external costs are internalized with a tax?
A. $13 B. $14 C. $12.20 D. $1.80