During the last sixty years, the broad stock market (Standard and Poor's 500 Index) yielded an average annual nominal rate of return of approximately ____ and real rate of return of approximately ____

a. 5 percent; 2 percent
b. 10 percent; 7 percent
c. 17 percent; 9 percent
d. 9 percent; 17 percent

B

Economics

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Potential solutions to sell a high-quality used car include

a. offering a warranty b. selling through a reputable dealer c. documenting the complete repair history d. all of the above

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The benefit that government receives from a tax is measured by

a. the change in the equilibrium quantity of the good. b. the change in the equilibrium price of the good. c. tax revenue. d. total surplus.

Economics