The value of $100 left in a certificate of deposit for four years that earns 4.5% annually will be:
A. $117.00
B. $145.00
C. $119.25
D. $120.00
Answer: C
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The longest economic expansion in the United States occurred during the
A) 1940s. B) 1960s. C) 1980s. D) 1990s.
Which of the following statements about GDP is true?
a. The value of GDP per capita of an economy does not reflect the equality of distribution of income among the population in the economy. b. The value of GDP per capita of an economy reflects the equality of distribution of income among the population in the economy. c. A high level of GDP in an economy states that the standard of living of the people in the economy is also high. d. As GDP per capita rises, the gap between the incomes of the top 5 percent of the population and the bottom 5 percent necessarily decreases.
Suppose a consumer has an income of $800 per month and that she spends her entire income each month on beer and bratwurst. The price of a pint of beer is $5, and the price of a bratwurst is $4 . Which of the following combinations of beers and bratwursts represents a point that would lie to the interior of the consumer's budget constraint?
a. 160 beers and 200 bratwursts b. 40 beers and 50 bratwursts c. 80 beers and 100 bratwursts d. 160 beers and 0 bratwursts
Fiscal policy changes in government spending and taxes primarily target the aggregate supply curve.
Answer the following statement true (T) or false (F)