One-third of the world's population live in China and India. How did the growth rate of these two countries compare with the growth of high income industrial countries during 1980-2009?
What will be an ideal response?
Per capita GDP increased more rapidly in China and India than in the high income industrial countries.
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If the Federal Reserve sells a $2,000 bond to a bond dealer who pays with a check written on an account at Second National Bank, what changes will occur on the bank's balance sheet after the check clears?
a. Reserves and total assets will increase by $2,000 . demand deposits and total liabilities will decrease by $2,000. b. Reserves, demand deposits, total assets, and total liabilities will all increase by $2,000. c. Reserves and total assets will decrease by $2,000 . demand deposits and total liabilities will increase by $2,000. d. Reserves, demand deposits, total assets, and total liabilities will all decrease by $2,000. e. Reserves will decrease by $2,000 . demand deposits, total assets, and total liabilities will all increase by $2,000.
_____ is a stock measure of an individual's or household's assets and net liabilities, at a given point in time.
a. Wealth b. An asset c. Assets, wealth, and income are all stock measures. d. Income
If an economy used gold as money, its money would be
a. commodity money, but not fiat money. b. fiat money, but not commodity money. c. both fiat and commodity money. d. functioning as a store of value and as a unit of account, but not as a medium of exchange.
Which of the following is the most frequently used tool the Fed uses to control the supply of money?
A. the discount rate B. the reserve requirements C. open market operations D. the 30-year home-mortgage interest rate