Scott used $4,000,00 . from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His accountant calculated his profit to be:

Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money ($2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?

A) $2,300 B) $12,080 C) $32,445 D) $80,483

Suppose a developing country receives more machinery and capital equipment as foreign entrepreneurs increase the amount of investment in the economy. As a result

A) the economy will move up along the long-run aggregate supply curve. B) the long-run aggregate supply curve will shift to the left. C) the long-run aggregate supply curve will shift to the right. D) the economy will move down along the long-run aggregate supply curve.