If the interest rate is 10 percent, the present value of $400 to be received two years from today is about

Which of the following could explain why there was a stampede at the Richmond International Raceway where 1,000 laptops were being sold at $50 each?

A) Those who bought laptops at that price were those who valued laptops the most. B) The quantity of laptops demanded at $50 was higher than the quantity supplied. C) The demand for laptops is not very responsive to price. D) The price of $50 per laptop was above the equilibrium price of laptops.

Refer to the scenario above. What will be the capital stock in the economy in the current year, if the capital stock in the last year was $1,000?

A) $1,400 B) $1,200 C) $1,600 D) $1,800