At an interest rate of 5 percent, the present value of $1,000 to be received two years from today is
A) less than $875.
B) between $875 and $925.
C) between $925 and $975.
D) more than $975.
B
Economics
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In the permanent income hypothesis, income that does not persist for a long period of time is known as ________
A) current income B) transitory income C) insufficient income D) limited income
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What were the two main sources of population increases during the antebellum period?
(a) a significant increase in the number of indentured servants and slaves (b) immigration and a natural increase in population (c) government policies providing incentive to procreate and advanced pre-natal care (d) longer life expectancies and high infant mortality rates
Economics