Use Figure 15.1 to Answer the Questions Below

question 10

Multiple Choice

Use Figure 15.1 to answer the questions below.

-Refer to Figure 15.1. The starting point for the traveling salesman is location E, which is the first city in the visited city set. What is the total distance traveled to complete the tour using the nearest neighbor heuristic?

• A) 320 miles
• B) 375 miles
• C) 395 miles
• D) 410 miles

Discuss the factors contributing to federal budget surpluses or deficits and their implications for fiscal policy.

Explain how discretionary fiscal policy can shift aggregate demand and supply curves.

Understand the concept of the cost of capital and its importance in finance.

Calculate the cost of equity using different models (DCF, CAPM).

---

Definitions:

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, deflating out the effects of inflation.

Nominal GDP

The gross domestic product measured at current market prices, not adjusted for inflation, representing the value of all finished goods and services produced within a country's borders in a specific time period.

Real GDP

Real GDP, or Gross Domestic Product adjusted for inflation, measures the value of all final goods and services produced by an economy in a given period, providing a more accurate economic growth figure.

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, allowing for the comparison of economic productivity over time by removing the effect of inflation.