A Gini coefficient of 0.25 represents less inequality in income distribution than a Gini coefficient of 0.4.
Answer the following statement true (T) or false (F)
True
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An individual demand schedule
What will be an ideal response?
Suppose a country experiences an increase in output per worker. Such a development represents which of the following?
A. a decrease in economic growth B. a reduction in the saving rate C. an increase in labor productivity D. an increase in population growth
When the average propensity to save (APS) is 0.35, then this means
A. people are spending 35 percent of their disposable income and investing the remaining 65 percent. B. people are spending 35 percent of their disposable income. C. people are spending 65 percent of their disposable income. D. people are saving $0.65 of the last dollar earned.
You took out a loan one year ago at a nominal interest rate of 7.5%. The CPI stood at 173.2 at the time and you expected it to rise to 178.6 over the year. Today the CPI is actually 179.5
Calculate the expected real interest rate on the loan and the real interest rate on the loan.