Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was worth $600?

Which of the following statements is correct?

a. Differences in human capital may explain differences in wages between blacks and whites. b. Racial discrimination is the strongest explanation for differences in wages between blacks and whites. c. Gender discrimination is the strongest explanation for differences in wages between blacks and whites. d. None of the above statements is correct.

If the nominal interest rate is 13 percent and the anticipated rate of inflation is 8 percent, the real interest rate is

A. 21 percent. B. -5 percent. C. 13 percent. D. 5 percent.