The present value of $300 received 5 years in the future would be calculated as which of the following when the interest rate is 5%?

If a sum of $15,000 is borrowed at 13% for a year, the interest paid by the borrower is ________

A) $750 B) $1,000 C) $1,950 D) $5,500

All people in the working-age population can be divided into

A) labor force participants. B) employed, unemployed, or not in the labor force. C) either over-employed or under-employed. D) potential employees.