The present value of $100 to be received one year from now
A) is $100.
B) is $110.
C) is $90.
D) cannot be determined without knowing the interest rate.
Answer: D
Economics
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What are the two ways in which extractive institutions affect the number of entrepreneurs in a nation?
What will be an ideal response?
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Which of the following statements is not correct? a. Economic growth is best measured by the annual percentage change in nominal GDP per capita. b. An economy producing along the production possibilities curve is operating at its potential output. c. Economic growth is a crucial determinant of people's well-being
d. If the quality of labor improves, an economy's production possibilities curve will shift outward.
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