Given a nominal interest rate of 8 percent, in which case below would you earn the highest after-tax real interest rate? ()
A. Inflation is 5 percent; the tax rate is 20 percent.
B. Inflation is 4 percent; the tax rate is 30 percent.
C. Inflation is 3 percent; the tax rate is 40 percent.
D. The after-tax real interest rate is the same for all of the above.
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Sally purchased one share of Stryker stock for $200 in year 1 and sold that share in year 2 for $400. The inflation rate between year 1 and year 2 was 50%. If the capital gains tax is 50%, what’s Sally’s after tax-real capital gain if the tax is on nominal gains? What is it if the tax is on real gains? ()
A. $0, $50
B. $50, $0
C. $100, $150
D. $100, $150
If nominal GDP is $10 trillion and real GDP is $8 trillion, the GDP deflator is ()
A. 80, and this indicates that the price level has decreased by 20 percent since the base year.
B. 80, and this indicates that the price level has increased by 80 percent since the base year.
C. 125, and this indicates that the price level has increased by 25 percent since the base year.
D. 125, and this indicates that the price level has increased by 125 percent since the base year.
Credit cards ()
A. are included in M1 but not M2.
B. are included in M1 and M2.
C. are included in M2 but not M1
D. are not included in any measure of the money supply.
Suppose a bank has a 10 percent reserve requirement, $5,000 in deposits, and has loaned out all it can given the reserve requirement.()
A. It has $50 in reserves and $4,950 in loans.
B. It has $500 in reserves and $4,500 in loans.
C. It has $555 in reserves and $4,445 in loans.
D. None of the above is correct.
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