If a $10,000 Investment Increases to $10,080 in One Year,what

question 47

Multiple Choice

If a $10,000 investment increases to $10,080 in one year,what is its rate of return?

• A) .8 percent
• B) 1.08 percent
• C) 8 percent
• D) 80 percent
• E) 108 percent

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Definitions:

Technological Advance

Innovations and improvements in technology that increase productivity and efficiency in production or services.

Technological Change

The process through which new technologies are developed and introduced, leading to changes in productivity, consumption patterns, and economic structure.

Equilibrium Wages

The payment rate at which the provision of labor matches the request for labor.

Short-Order Cooks

Cooks who specialize in preparing food quickly and efficiently, often in diners and fast-food establishments, responding rapidly to customer orders.