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Author Question: What is the present value of 200 one year from now when the interest rate is 6 percent? A) 125.00 ... (Read 63 times)

ishan

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on: Jun 29, 2018
What is the present value of 200 one year from now when the interest rate is 6 percent?
 
  A) 125.00
  B) 188.68
  C) 212.00
  D) 320.00

Question 2

What do the Lorenz curves for wealth and income in the United States look like? Which is closer to the line of equality?
 
  What will be an ideal response?


pallen55

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Both the Lorenz curve for wealth and the Lorenz curve for income are bowed outward from the line of equality because neither wealth nor income is equally distributed. The Lorenz curve for income is closer to line of equality than the Lorenz curve for wealth because income, while unequally distributed, is more equally distributed than is wealth.


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