Intermediate goods are not counted as part of gross domestic product

The price a perfectly competitive firm receives for its output

A) is determined by the interaction of all sellers and all buyers in the firm's market. B) is determined by the interaction of the firm and all of the consumers who buy from the firm. C) will be lowered by the firm in order to sell more output. D) will not change in response to changes in market demand and supply because the firm is a price taker.

A one-year Treasury bill that sells for $952.38 and has a face value of $1,000 has an annual yield of

A) 10 percent. B) 8 percent. C) 6 percent. D) 5 percent.