Write the Word or Phrase That Best Completes Each Statement

question 158

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
-Jenny receives $1270 per year from three different investments totaling $20,000. One of the investmentspays 6%, the second one pays 8%, and the third one pays 5%. If the money invested at 8% is $1500 lessthan the amount invested at 5%, how much money has Jenny invested in the investment that pays 6%?

• A)$1500
• B)$8500
• C)$4500
• D)$10,000

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Definitions:

Form Hypothesis

The process of developing a proposed explanation for a phenomenon, made as a starting point for further investigation.

Circular-Flow Model

A diagram that traces the flow of resources, products, income, and revenue among economic decision makers.

Households

Individuals or groups of people living together as a single unit, making economic decisions regarding consumption, savings, and labor supply.

Resource Market

A market where resources (like labor, capital, and raw materials) used to produce goods and services are bought and sold.