If $30,000 Is Invested for One Year at an Annual

question 178

Multiple Choice

If $30,000 is invested for one year at an annual interest rate of 13%,it will grow in value to ________.

• A) $33,900
• B) $36,208
• C) $3900
• D) $32,308

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Definitions:

GDP

Gross Domestic Product, the total market value of all goods and services produced within a country in a specific time period, used as a broad measure of overall economic performance.

Personal Disposable Income

The amount of money that individuals have available for spending and saving after income taxes have been accounted for.

Manufacturing Output

The total value or volume of goods and products produced within a manufacturing sector in a specific period.

Operating Leverage

The degree to which a firm or project can increase operating income by increasing revenue, reflecting fixed versus variable costs.