home assignments in Chapter 19

home assignments in Chapter 19 - Multiple Choice Questions...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Multiple Choice Questions 1. The key indicator of a country's living standard and economic well being is: A. the interest rate. B. nominal GDP per person. C. real GDP. D. real GDP per person.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A. the payment of interest on the original deposit. B. the interest rate adjusted for the rate of inflation. C. the real rate of interest compounded by the rate of inflation. D. the payment of interest on the original deposit and all accumulated interest. 3. Bank C promises to pay a compound annual interest rate of 6 percent, while Bank S pays a 10 percent simple annual interest rate on deposits. If you deposit $1,000 in each bank, after 10 years your deposit in Bank C equals _____, while your deposit in Bank S equals ______. A. $1,060; $1,100 B. $1,600; $2,000 C. $1,600; $2,594 D. $1,791; $2,000 4. If an economy maintains a small rate of growth for a long period of time, then the size of the economy: A. can only increase by a small amount. B. can increase by a large amount. C. can never double. D. will stay nearly constant. 5. Real GDP per person in both Alpha and Omega equals $2,000. Over the next 100 years real GDP per person grows at 1.5 percent annual rate in Alpha and at a 2.5 percent annual rate in Omega. After 100 years real GDP person in Alpha is _____ smaller than real GDP per person in Omega. A. $2,000
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/09/2012 for the course MACROECONO 100 taught by Professor Py during the Spring '12 term at Alabama A&M University.

Page1 / 7

home assignments in Chapter 19 - Multiple Choice Questions...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online