Assume 81 Percent of the Total Sales of Instant Rice Occur

question 56

Multiple Choice

Assume 8.1 percent of the total sales of instant rice occur in Baton Rouge and assume that 0.78 percent of the entire population of the United States lives in Baton Rouge.Calculate the category development index (CDI) .

• A)09
• B)6.32
• C)9.63
• D)963
• E)1038.46

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Definitions:

Productivity of Capital Goods

The effectiveness with which capital goods, such as machinery and equipment, produce goods or services.

Loanable Funds

The money available for borrowing in the financial market, originating from people or entities who save some part of their income.

Equilibrium Interest Rate

The equilibrium interest rate is the interest rate at which the quantity of money demanded equals the quantity of money supplied, balancing savings and investments in the economy.

Equilibrium Interest Rate

The interest rate at which the quantity of loanable funds demanded equals the quantity of loanable funds supplied.