If the amount payable in two years is $2420 for a simple loan at 10 percent interest, the loan amount is

If labor's share of national income is to remain constant, then ________

A) the real wage must grow faster than labor productivity B) the real wage must grow at the same rate as labor productivity C) labor productivity must grow faster than the real wage D) the combined growth rates of labor productivity and the real wage must equal the growth rate of national income

Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend:

Q = 50,000 + 200t where t is time and t = 0 in 2000. a. Forecast sales for 2013. b. Do you see any problems with this forecasting method?