• 2022-06-12
    A country has been in existence for only two years. In the first year, tax revenues were $1.0 million and outlays were $1.5 million. In the second year, tax revenues were $1.5 million and outlays were $2.0 million. At the end of the second year, the total government debt was ________.
    A: $0.5 million
    B: $1 million
    C: $2.5 million
    D: $3.5 million
  • B

    内容

    • 0

      WRITING TASK 1You should spend about 20 minutes on this task.Write about the following topic:The table shows country of origin of new cars sold in the USA in 2000 and 2005.Summarise the information by selecting and reporting the main features, and make comparisons where relevant.Write at least 150 words. Year Country of Origin USA Japan Germany South Korea Total 2000 4.2 million 2.2 million 0.2 million 1.1 million 7.7 million 2005 2.6 million 3.4 million 0.3 million 1.1 million 7.4 million

    • 1

      Suppose that each of two investments has a 4% chance of a loss of $10 million, a 2% chance of a loss of $1 million, and a 94% chance of a profit of $1 million. They are independent of each other. What is the VaR for one of the investments when the confidence level is 95%?( ) A: $1 million B: $10 million C: $8.2 million

    • 2

      Bangkok has a population of ______. A: 1 million B: 5 million C: 8 million D: 10 million

    • 3

      Last year, a certain public transportation system sold an average (arithmetic mean) of 41,000 tickets per day on weekdays (Monday through Friday) and an average of 18,000 tickets per day on Saturday and Sunday. Which of the following is closest to the total number of tickets sold last year A: 1 million B: 1.25 million C: 10 million D: 12.5 million E: (E) 125 million

    • 4

      The gain from a<br/>project is equally likely to have any value between -$0.15 million<br/>and +$0.85 million. What is the 99% expected shortfall? ( ) A: $0.145 million B: $0.14 million C: $0.13 million D: $0.10 million