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You win a lottery. You have the choice of two ways to be paid. If you pick Payout Scheme X, you get $2,750 today. If you pick Payout Scheme Y, you get three payments: $1,000 today, $1,000 one year from today, and $1,000 two years from today. Which choice has the greater present value if all banks pay 10% interest per year now and in the future?
Can a nation's economy grow larger over time? How?
what is the formula for calculating investment multiplier for 4 sector economy?
GDP is an important indicator of a nation's economic performance. It has many components which contribute to the growth of the economy. Oil is a minor component of GDP and therefor
What is the formula for consumer price index?
what would be effect of fiscal and monetry policy on price and output level if meges are flexible and rigied?
Why does a production possibilities frontier with increasing opportunity costs have a bowed-out shape? The curve is bowed-out because some resources are better suited for the
explain the phillips curve the relationship of inflation and unemployment
how does deusenberry relative income theory influences inflation
defination
A government can finance its budget deficit by doing all of the following except: A. borrowing from its central bank. B. printing money. C. selling bonds. D. buying bonds.
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