If a country grows at an average rate of 3.5 % per year over a ten year period, then its compounded growth rate over that period is roughly:
A. 41.0%.
B. 35.0%.
C. 32.7 %.
D. 45.0 %.
A. 41.0%.
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An economic slow-down would cause the labor:
A. demand curve to shift left. B. demand curve to shift right. C. supply curve to shift left. D. supply curve to shift right.
Private goods ____ rival ____ excludable
a. Are, and are b. Are, but are not c. Are not, but are d. Are not, and are not
Which of the following taxes would result in the greatest tax burden for buyers?
a. A tax on pharmaceuticals b. A tax on luxury cars c. A tax on movie tickets d. A tax on restaurant meals
Suppose the AD curve and the SRAS curve intersect to the right of the LRAS curve. Which of the following is true?
A) The economy is in a recessionary gap. B) The economy is in an inflationary gap. C) The economy is in a long-run equilibrium. D) This situation is actually impossible.