If a bond was to pay off one year from now for $440 and the interest rate is 10 percent, what is the price of the bond?

If a government had a debt of $300 billion and then ran deficits of $200 billion each year for the next three years, by the end of the third year its total debt would be

A) -$300. B) $300 billion. C) $600 billion. D) $900 billion.

Okun's law states that for every 1-percentage-point increase in the cyclical unemployment rate, real GDP growth

A) must increase by 1 percentage point for the economy to keep from experiencing a recession. B) decreases by about 2 percentage points. C) declines for 1 year. D) increases by 1 percentage point.