Suppose the real GDP in an economy in the year 1999 was $2,000 and the total population was 500 . The economy experienced a 5% growth in real GDP and a 2% growth in its population in 2000 . Calculate the change in per capita income of the economy during this period

Suppose you get a tax refund of $20,000 and instead of spending it on items that had been on your wish list for two years, you put it all in your checking account at the First National Bank of Urbana. And if that deposit allows the bank to loan out $17,000 . then the legal reserve requirement must be

a. 0.15 percent b. 0.85 percent c. 1.5 percent d. 8.5 percent e. 15 percent

Which represents an expenditure that would be counted directly in GDP?

A. The distribution of corporate profits to stockholders. B. The buying of corporate stock by an investor. C. The buying of a used car by a consumer. D. The payment of military salaries by the government.