The Great Recession began in
It is possible to increase human capital by
It is possible to increase human capital by
From 2017 to 2018, nominal gross domestic product (GDP) in t…
From 2017 to 2018, nominal gross domestic product (GDP) in the United States grew by 5.2%. Given that prices increased by 2.3% and the population grew by 0.7%, we know that real per capita GDP grew by
The date on which the repayment for a loan is due is called…
The date on which the repayment for a loan is due is called the ________ date.
From 2006 to 2010, real per capita gross domestic product (G…
From 2006 to 2010, real per capita gross domestic product (GDP) in China grew an average of 10.62% per year. If this rate is sustained, according to the rule of 70, in roughly how many years will China’s real per capita GDP double in size?
The value of the bond at maturity, or the payment due at rep…
The value of the bond at maturity, or the payment due at repayment, is known as:
Stocks are:
Stocks are:
In financial markets, savers looking for opportunities to ea…
In financial markets, savers looking for opportunities to earn a return on their savings would be the:
In economics, technology is defined as
In economics, technology is defined as
Suppose a basket of goods and services has been selected to…
Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been selected as the base year. In 2002, the basket’s cost was $600; in 2004, the basket’s cost was $650; and in 2006, the basket’s cost was $700. The value of the CPI in 2004 was (round to one decimal place): CPI = (current basket price/basket price in base year) x 100