Activities that encourage faster growth are
A) high levels of consumption and low levels of savings.
B) high levels of saving and investment in human capital.
C) imposing trade barriers to limit international trade and thereby protect national industries.
D) limiting property rights so that everyone can use any invention.
E) taxes on saving that serve to encourage more spending and less saving.
B
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If you place $100 in a bank account that pays 6% at the end of each year, and you leave your $100 and all your interest in the bank, how much will you have in the bank at the end of 7 years with annual compounding?
A) (106)7 B) 7 ? (106) C) 100 ? (1.60)7 D) 100 ? (1.06)7
Of the total income earned in the U.S. economy, approximately
a. 33 percent is earned by workers, and 67 percent is earned by landowners. b. 50 percent is earned by workers, 25 percent is earned by landowners, and 25 percent is earned by owners of capital. c. 67 percent is earned by workers, and 33 percent is earned by owners of land and capital. d. 90 percent is earned by workers, and 10 percent is earned by owners of land and capital.