Managed funds
a. typically have a higher rate of return and higher costs than index funds.
b. typically have a higher rate of return and lower costs than index funds.
c. typically have a lower rate of return and higher costs than index funds.
d. typically have a lower rate of return and lower costs than index funds.
c
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How is nominal GDP converted into real GDP?
(A) By eliminating the effects of price increases on GDP growth. (B) By adding up all of the real purchases made in the economy. (C) By adding the contributions of American-owned factories in foreign countries. (D) By adding all incomes earned to total expenditures by consumers, businesses, and government.
Explain two concepts of central bank independence. Is the Fed politically independent? Why do economists think central bank independence is important?
What will be an ideal response?