The U.S. spent 3 percent of GDP building and maintaining the public infrastructure between 1950 and 1970 . Since 1980, that share has:
a. decreased slightly to 2 percent
b. decreased all the way to zero.
c. stayed constant at 3 percent.
d. increased slightly to 4 percent.
e. increased significantly to 8 percent.
a
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Assume you save $1,000 in a bank account that pays 8 percent interest per year and the inflation rate is 3 percent. At the end of the year you have earned
A) a nominal return of $50. B) a negative real return. C) a real return of $50. D) a real return of $80.
The manager of Fatty Foods is thinking about retiring. He has two options: to leave his stores as a company stores, to be managed by a salaried manager, or to sell some of them as franchises. The franchisor however is offering a really low franchisor fee for the store. What would be his best bet?
a. Let the stores stay company stores b. Sell them off as franchises c. Shut down the business completely d. Never retire