Answer:
See the explanation box
Explanation:
See the image to get the answer:
Answer:
What is the growth rate of nominal GDP?
the inflation rate?
the real interest rate?
Explanation:
money supply × velocity of money = price level × real GDP = nominal GDP
since velocity of money is constant, any change in the money supply will result in an equal change in nominal GDP. Since the money supply grows by 8%, the nominal GDP also grows at 8%
growth rate of the money supply + growth rate of the velocity of money = inflation rate + real GDP growth rate
8% + 0 = inflation rate + 3%
inflation rate = 8% - 3% = 5%
real interest rate = nominal interest rate - inflation rate
real interest rate = 9% - 5% = 4%
Answer:
C. $4000
Explanation:
Given that
Total opportunity cost = salary plus interest forgone, that is 50,000 + 6% of 100,000
= 50,000 + 6000 = 56,000.
Total revenue received = 60,000
Recall that
Economic profits = Revenue - (implicit + explicit cost)
And that
Implicit cost = opportunity cost = 56,000
Explicit cost = 0 (from the question, revenue covered it)
Thus
Economic profit = 60000 - 56000
= $4000
Answer:
D. not joining FFA and joining HOSA instead
Explanation:
Answer:
The answer is 20073.38
Explanation:
FV = A * (1+ i)^n
FV = $15,000 * (1.06)^5= 20073.38
20073.38 will be withdrawn from the account in 5 years
