A(n) _____ is a set of equal annual payments received by an investor from the investment

a. perpetuity
b. annuity
c. interest
d. capital value

B

Economics

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Sustained growth refers to a growth process:

A) where growth in GDP per capita is attributed primarily to public sector firms and enterprises. B) where GDP per capita grows at a positive and steady rate for long periods of time. C) where growth in GDP per capita is translated into equal increase in welfare for all citizens in the country. D) where GDP per capita grows at a rate of more than 20% per year for long periods of time.

Economics

Which of the following statements is correct?

I. The ERM used the Deutsche Mark as the base or center currency. II. The ERM allowed the Italian central bank autonomy over its policies. III. The ERM allowed the Bundesbank monetary autonomy. A) I only B) II only C) III only D) I, II, and III

Economics