If Kate Bought a Sofa for $780 and Plans to Make

question 87

Multiple Choice

If Kate bought a sofa for $780 and plans to make 12 payments, what is the amount per payment?

• A)$55 per payment
• B)$75 per payment
• C)$65 per payment
• D)$85 per payment

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Definitions:

Positive Economics

The branch of economics that concerns the description and explanation of economic phenomena.

Consequences

The outcomes or effects that stem from a particular action or decision, which can be intended or unintended and positive or negative.

Stability

The condition of an economy characterized by constant or predictable levels of growth, inflation, and employment.

Steady Rate

A constant or unchanging rate over a period of time, often used to describe economic growth, inflation, or other financial metrics.