Answer the following statement true (T) or false (F)
1) The government's ability to force people to do things can increase economic efficiency.
2) Government's ability to enforce laws and contracts increases private-sector economic risks.
3) The invisible hand guides government's economic activity just as it does with private economic
activity.
4) Because of the force of law and bureaucratic structure, government accountability is less of a
problem than in the private sector.
1) T
2) F
3) F
4) F
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In year one, the GDP deflator is 100 and in year two 110. If nominal GDP in year two is $300 billion, what is real GDP for year two?
A) $200 billion. B) $100 billion. C) $272.73 billion. D) $220 billion.
If you invest $2,500 in a mutual fund with a 5 percent front-end load, _____
a. $50 will be used to pay for the sales charge and $2,000 will be invested in the fund b. there will be no sales charge and the entire $2,500 will be invested in the fund c. the fees for the fund manager will be paid only after a period of 20 years d. $125 will be paid to the fund manager and $2,375 will be invested in the fund e. a fixed amount of $250 will be paid to the fund manager every year