If the required reserve ratio is 0.2, what is the demand deposit multiplier?

Jim is planning on attending a football game. He paid $40 for the ticket. He will have to take the day off losing 8 hours of work. His hourly wage is $10 . He estimates it will cost him around $20 for gas and parking at the game. Jim's accounting (out of pocket) cost of attending the game equals

a. $80 b. $40 c. $60 d. $140

Which of the following properly matches the owner of a resource with the corresponding payment?

a. Land owners and rent b. Entrepreneurs and interest payments c. Laborers and profit d. Entrepreneurs and rent e. Capitalists and salaries