Define GNI or Gross National Income
What will be an ideal response?
Gross National Income is a new measure of a nation's income computed using a more accurate way of converting purchasing power into dollars.
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Sue consumes only sub sandwiches and Mountain Dew. Subs and Mountain Dew are complements. If the price of a sub sandwiches increases
A) Sue will move upward along her demand curve for subs. B) Sue will move downward along her demand curve for subs. C) Sue's demand curve for subs will shift leftward. D) Sue's demand curve for subs will shift rightward.
If you own a $1,000 face value bond with one year remaining to maturity and a 7 percent coupon rate and new bonds are paying 11 percent, what is the most you can get for your old bond?
A) $1,028.85 B) $1,000.00 C) $963.96 D) $952.30