Table 19-8 Consider the Following Data for Tyrovia, a Country That Produces

question 13

Multiple Choice

Table 19-8

Consider the following data for Tyrovia, a country that produces only two products: guns and butter.
-Refer to Table 19-8.Nominal GDP for Tyrovia in 2011 equals

• A) $1,140.
• B) $880.
• C) $690.
• D) $560.

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Definitions:

Yield

The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.

Bond

A fixed-income instrument that represents a loan made by an investor to a borrower, typically corporate or governmental, which pays periodic interest and the return of the principal at maturity.

Treasury Bill

Short-term, highly liquid government debt obligation issued at a discount from the face value and returning the face amount at maturity.

Par Value

The nominal value of a security stated by the issuer.