The Batguano company produces 200 tonnes of fertilizer using only labour and capital. The fertilizer is purchased by wheat farmers for $6 million. The Crusty Bakery purchases all the wheat produced by farmers for $8 million for use in its production of bread. The value of bread sold by the Crusty Bakery during $12 million. What is the sum of value added for wheat farmers and Crusty Bakery? year is Şelect one: a. $26 million b. $10 million C. $6 million d. $12 million e. $8 million Lender of last-resort facilities are provided to commercial banks by the:

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Chapter5: Measuring A Nation's Income
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The Batguano company produces 200 tonnes of fertilizer using only labour and capital. The fertilizer is purchased by wheat farmers for $6 million. The Crusty
Bakery purchases all the wheat produced by farmers for $8 million for use in its production of bread. The value of bread sold by the Crusty Bakery during a year is
$12 million. What is the sum of value added for wheat farmers and Crusty Bakery?
Şelect one:
a.
$26 million
b. $10 million
c. $6 million
d.
$12 million
$8 million
е.
Lender of last-resort facilities are provided to commercial banks by the:
a. Federal Government
b. Australian Prudential Regulation Authority
C.
Central bank
d. Commercial banks in the interbank market
e. Australian Security Intelligence Organisation
Homer and Barney only consume Duff. One week, Homer finds he has no money to buy any Duff and so asks Barney for a loan to purchase his weekly consumption
of 25 bottles. Barney - being a good friend - and noting that the price of a bottle of Duff at the beginning of the week is $4, offers to lend Homer $100 at a weekly
nominal interest rate of 1%.
If Homer takes the loan from Barney and the price of a bottle of Duff increases by 10 cents during the week, what is the (approximate) ex-post weekly real interest
rate that Homer will pay?
Select one:
a.
2 percent.
b. 1.5 percent.
c.
-1.5 percent.
d. 2.5 percent.
e.
1 percent.
Transcribed Image Text:The Batguano company produces 200 tonnes of fertilizer using only labour and capital. The fertilizer is purchased by wheat farmers for $6 million. The Crusty Bakery purchases all the wheat produced by farmers for $8 million for use in its production of bread. The value of bread sold by the Crusty Bakery during a year is $12 million. What is the sum of value added for wheat farmers and Crusty Bakery? Şelect one: a. $26 million b. $10 million c. $6 million d. $12 million $8 million е. Lender of last-resort facilities are provided to commercial banks by the: a. Federal Government b. Australian Prudential Regulation Authority C. Central bank d. Commercial banks in the interbank market e. Australian Security Intelligence Organisation Homer and Barney only consume Duff. One week, Homer finds he has no money to buy any Duff and so asks Barney for a loan to purchase his weekly consumption of 25 bottles. Barney - being a good friend - and noting that the price of a bottle of Duff at the beginning of the week is $4, offers to lend Homer $100 at a weekly nominal interest rate of 1%. If Homer takes the loan from Barney and the price of a bottle of Duff increases by 10 cents during the week, what is the (approximate) ex-post weekly real interest rate that Homer will pay? Select one: a. 2 percent. b. 1.5 percent. c. -1.5 percent. d. 2.5 percent. e. 1 percent.
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