At the end of 2009, the national debt stood at 60 percent of GDP, substantially higher than its World War II level

Suppose the economy's production function is Y = AK0.3N0.7. If K = 2000, N = 100, and A = 1, then Y = 246. If A rises by 10 percent, and K and N are unchanged, by how much does Y increase?

A) 5% B) 10% C) 15% D) 20%

The expected yield on an asset with two possible outcomes is equal to the

A) difference between the two outcomes. B) sum of the possible outcomes multiplied by their respective probabilities. C) standard deviation of the two outcomes. D) product of the two outcomes.