What are the three economic uses of time?
a. Social work, nonmarket work, and leisure
b. Nonmarket work, voluntary service, and leisure
c. Acquiring skills, voluntary service, and social service
d. Market work, nonmarket work, and leisure
d
Economics
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At the equilibrium level of real GDP, which of the following is true?
a. Unplanned inventory investment is positive. b. Unplanned inventory investment is negative. c. Aggregate output equals aggregate expenditures. d. Aggregate output plus consumption spending equals aggregate expenditures.
Economics
Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule of 72, what will your investment be worth after 16 years?
a. $550 b. $3,960 c. $1,100 d. $797.5 e. $1,200
Economics