Compounding is:
A. the process of deposits steadily increasing a set amount annually.
B. the process of accumulation of additional interest paid on interest that has already been earned.
C. the process of adding the percentage of interest times your initial principal yearly.
D. None of these statements is true.
Answer: B
Economics
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Refer to Table 11.1. What is the value of the marginal propensity to consume?
A) 0.15 B) 0.6 C) 0.75 D) 0.9
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When a demand curve is perfectly elastic:
A) marginal revenue = average revenue = price. B) marginal revenue > average revenue = price. C) marginal revenue < average revenue = price. D) marginal revenue > average revenue > price.
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