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Suppose your bank pays you 6% interest per year

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solution


Question

1. Suppose your bank pays you 6% interest per year on your savings account, so that $100 grows to $106 over a one-year period. If prices increase by 3% per year over that time, approximately how much do you gain by keeping $100 in the bank for a year?;Answer;$0;$1;$3;$4;2.The largest category of federal spending is;Answer;discretionary spending.;entitlements and mandatory spending.;net interest.;none of these.;3. If consumption is $25,000 when income is $26,000, and consumption increases to $25,900 when income increases to $28,000, the marginal propensity to consume is;Answer;0.59.;0.65.;0.55.;0.45.

 

Paper#30615 | Written in 18-Jul-2015

Price : $27
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