Assume the interest rate on a current one-year bond is 3%, and the expected interest rate on the one-year bond one year from now is 6%. If the term premium on a two-year bond is 0.5%, then the interest rate on the two-year bond will be

Refer to Table 8-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?

A) $428,000 B) $267,000 C) $24,000 D) $1,424

Which of the following would encourage consumers to economize on health-care expenditures and producers to supply health-care services more efficiently?

a. an increase in out-of-pocket expenditures by health-care consumers b. decreased reliance on personal Medical Savings Accounts and health-care expenditures from the accounts c. decreased reliance on the purchase of catastrophic health insurance coverage and less reliance on insurance with first-dollar coverage and small co-payments d. the establishment of a national health-care system that would provide coverage to all people