Three years ago Dawn put $1,200 into an account paying 2 percent interest. How much is Dawn's account worth today?
a. $1,225.38
b. $1,248.48
c. $1,264.72
d. $1,273.45
d
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If the inflation rate was 1% in 2014, 3% in 2015, and 2% in 2016, this economy experienced ____ from 2014 to 2015, and ____ from 2015 to 2016.
a) inflation; inflation b) disinflation; deflation c) inflation; deflation d) inflation; disinflation
Which of the following factors are likely to lead to an increase in the female/male earnings ratio in the future?
a. As the labor force participation of women increases, their years of work experience will become more similar to men. b. In recent years, a higher proportion of women have been preparing for careers in the professions. c. As the proportion of families headed by a female parent increases, the average hours worked per week of female employees will decline. d. Both a and b are correct.