An investment pays $100 at the end of each of the three next years. No additional payments will ever be made. If the annual interest rate is 5 percent, the present value of the investment is approximately

The current cost of a market basket of goods is $9,000 . The cost of the same basket of goods in the base year was $3,000 . The current price index is:

a. 900. b. 300. c. 166. d. 33.

Kara is a construction worker. Because of adverse weather during the winter, she has been laid off from her job. She is available for work and has even sought work with other construction companies. Kara is

a. experiencing frictional unemployment b. experiencing seasonal unemployment c. experiencing structural unemployment d. experiencing cyclical unemployment e. not in the labor force at this time