If the depreciation rate in an economy is 10%, and the capital stock in the economy is $1,000, the level of investment required to keep the economy at a steady state is equal to:

Refer to the scenario above. What is the nominal GDP of the economy in 2012?

A) $47,000 B) $56,000 C) $55,000 D) $49,500

Who among the following is most likely to favor an appreciation of the U.S. dollar?

A. A German professor visiting Chicago B. An American farmer who depends on exports C. An American professor on a tour of Austrian universities D. Disney World in Orlando, Florida, a popular destination for foreign tourists