Answer the Question $3 \notin$ For the First Day $6 \$$ For the Second Day

question 203

Multiple Choice

Answer the question.
-Bruce agrees to go to work for Jim at a rate of $3 \notin$ for the first day, $6 \$$ for the second day, $12 \$$ for the third day, $24 \uparrow$ for the fourth day, and so on. What will Bruce's daily pay be on day 10 , and how much total wages will he have earned at the end of that day?

• A) Pay on day \(10 = \$ 30.72\); Total pay through day \(10 = \$ 15.33\)
• B) Pay on day \(10 = \$ 5.12\); Total pay through day \(10 = \$ 10.23\)
• C) Pay on day \(10 = \$ 15.36\); Total pay through day \(10 = \$ 30.69\)
• D) Pay on day \(10 = \$ 30.72\); Total pay through day \(10 = \$ 30.69\)

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Definitions:

National Economy

The economic activities and output of a nation, considering the total of all goods and services produced, income generated, and the overall economic health.

Budget Deficit

The financial situation where a government's expenditures exceed its revenues within a specified period, leading to borrowing or debt accumulation.

Capital Goods

Long-lasting goods that are used in the production of other goods and services and are not consumed in the immediate process of production.

Stock Of Money

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and liquid financial assets.