Marlene has a credit card that uses the adjusted balance method. For the first 10 days of one of her 30-day billing cycles, her balance was $570. She then made a purchase for $120, so her balance jumped to $690, and it remained that amount for the next 10 days. Marlene then made a payment of $250, so her balance for the last 10 days of the billing cycle was $440. If her credit card's APR is 15%, which of these expressions could be used to calculate the amount Marlene was charged in interest for the billing cycle?
Answers
Answer:
What is the total money value of final goods and services produced within the domestic territory of the country during a given year?
GDP
GNI
NNI
None of the above
5. Which of the following measure the real growth of the economy?
GDP at constant prices
DP at current prices
NDP at current prices
GNI
6. Which of the following is the sum of all income actually received by the people in the country?
Personal income
National income
GDP
GNI
7. On which side of the following curve there is excess supply in the goods market?
Right side of IS curve
Left side of IS curve
Right side of LM curve
Left side of LM curve
8. Which of the following is the slope of IS curve?
Negative slope
Positive slope
Direct slope
None of the above
9. In which of the following case LM curve is horizontal?
Classical case
Crowding out case
Liquidity trap
None of the above
10. Phillips curve brings out tradeoff between
Wages and employment
Inflation and unemployment
Inflation and value of money
Wages
11. Stagflation brings down
Price
Employment
Both (a) and (b)
Income
12. Which of the following is not a direct cause of demand -pull inflation?
Deficit financing
Credit creation
Scarcity of raw material
Black money
13. During inflation
Value of money increase
Value of money remains constant
Value of money declines
Both (a) and (b)
14. In cost push inflation the supply curve shifts to the
Left
Right
Horizontally Upward
Vertically
Answer:
c is the answer
Explanation: