If the interest rate is 5 percent, what is the present value of $100 that will be received 3 years from now?

Which of the following is true?

a. The GDP gap is the difference between full-employment real GDP and actual real GDP. b. All of the answers are correct. c. We desire economic growth because it increases the nation's standard of living. d. Discouraged workers are a reason critics say the unemployment rate is understated. e. Economic growth is measured by the annual percentage increase in a nation's real GDP.

How is accounting profit calculated?

What will be an ideal response?