Which of the following is directly included in the U.S. GDP for 2013?
i. a 2013 Cadillac Escalade produced and sold as a new car in the United States in 2031
ii. tires produced in the United States, purchased by General Motors, and installed on a new Cadillac Escalade sold in 2013
iii. General Motors cars produced in Canada because General Motors is an American corporation
A) i and iii B) i only C) i, ii, and iii D) ii and iii E) ii only
B
Economics
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An advantage of a functional division is that performance is
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What is the present value of a payment of $2,000 to be received two years from today if the interest rate is 5%?
a. $2205 b. $2200 c. $1818.18 d. $1814.06
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