During the decade of the 1920s, the U.S. economy
(a) was generally healthy and gave no indication of the troubles that lay ahead regarding
the Great Depression.
(b) was relatively stagnant in terms of growth of total output with small declines in agriculture
and housing, which suggested that difficult times might lie ahead in the 1930s.
(c) experienced actual declines in overall production levels, including agriculture and housing, which suggested that even more difficult times probably lay ahead.
(d) experienced relatively rapid growth in overall output but in the late 1920s nevertheless
showed weaknesses in certain sectors such as agriculture, housing and the financial
sector, which suggested the possibility of difficult times ahead.
(d)
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Real GDP in 2015 is $10 trillion. Between 2015 and 2016, using 2015 prices, GDP grew 3 percent and using 2016 prices real GDP grew 7 percent. Using the chain-weighted output index method, real GDP in 2016 is ________ trillion
A) $10.5 B) $11 C) $10.1 D) $12.72
Suppose that you and your four siblings are given an opportunity to purchase a video rental store. Each of you would put up $50,000 . The revenue from the store is expected to remain $350,000 per year for the next several years
The costs (not including the opportunity costs of your investment) of operating the store are expected to remain steady at $320,000 for the next several years. The current market rate of interest is 5 percent per year. Should you go in on this deal? Explain.