Present discounted value refers to the
A. Value today of future payments adjusted for inflation.
B. Value today of future payments adjusted for interest accrual.
C. Value today of future payments adjusted for risk.
D. Future value of today's dollars.
Answer: B
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Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?
a. Real personal income less transfer payments b. Wholesale prices of goods c. Real GDP d. Total unemployment e. Real interest rates
The country with the lowest child poverty rate of those listed here is
A. Sweden. B. Denmark. C. Britain. D. Australia.
Favorable supply shocks should produce rapid economic growth with falling inflation
a. True b. False Indicate whether the statement is true or false
The equilibrium level of real GDP is $1,000, the target level of real GDP is $1,250, and the marginal propensity to consume (MPC) is 0.60. The target can be reached if government spending is:
A. increased by $60 billion. B. increased by $100 billion. C. increased by $250 billion. D. held constant.