WorksheetsEKPENG MENTORING ISC UTS 2024
Total questions: 5
Worksheet time: 3mins
Will's expenditures on food for three consecutive years, along with other values, are presented in the following table. Refer to table above. If the nominal interest rate was 8 percent in Year 2, then
the real interest rate in Year 2 was 3 percent.
the real interest rate in Year 2 was 4 percent.
Will's Year 1 food expenditures in Year 3 dollars amount to $6,200.
Will's Year 1 food expenditures in Year 2 dollars amount to $5,800.
Suppose a closed economy had public saving of −$1 trillion and private saving of $3 trillion. What are national saving and investment for this country?
$4 trillion, $2 trillion
$2 trillion, $3 trillion
$3 trillion, $3 trillion
$2 trillion, $2 trillion
Sue Holloway was an accountant in 1944 and earned $12,000 that year. Her son, Josh Holloway, is an accountant today and he earned $210,000 in 2017. Suppose the price index was 17.6 in 1944 and 218.4 in the current year. Refer to the scenario, Josh Holloway's current year income in 1944 dollars is
$16,923
$148,909
$26,059
$11,528
A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by a Thai firm, a $1240 television made by a Korean firm in Korea, and $220 on groceries from a local store. As a result, U.S. GDP
increases by $220
increases by $1500
increases by $280
increases by $40
Suppose you are deciding whether to buy a particular bond. If you buy the bond and hold it for 4 years, then at that time you will receive a payment of $10,000. If the interest rate is 6 percent, you will buy the bond if its price today is no greater than
$7,920.94
$7,672.58
$6,998.98
$8,225.06
