The Total Value of Inputs Used in the Production of 100,000

question 4

Multiple Choice

The total value of inputs used in the production of 100,000 units of a good manufactured in a country is $150,000.Assume that the country produces only this good and each unit of the good sells for $10.What is the GDP of the country?

• A) $1,000,000
• B) $1,150,000
• C) $150,000
• D) $250,000

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Definitions:

Yield Curve

A graph showing the relationship between interest rates of bonds of equal credit quality but different maturities, often indicating economic expectations.

Short-Term Rates

The interest rates on debt securities that mature in the short term, often less than one year, which are a key indicator of the monetary policy stance of an economy.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining the stability of the financial system, and providing financial services to depository institutions, the U.S. government, and foreign official institutions.

Forward Interest Rate

The interest rate agreed upon today for a loan that will start at a future date, often implied in the terms of a forward rate agreement.