The rule of 70 states that
A) the number of years it takes an economy to double in size is the growth rate times 70.
B) the number of years it takes an economy to double in size is the growth rate divided by 70.
C) it takes an economy 70 years to double its real GDP.
D) the number of years it takes an economy to double in size is 70 divided by the growth rate.
D
You might also like to view...
Discounted tickets for children into events is what type of price discrimination?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
The base period for CPI calculations is generally 1982-84. In 2005, 50% of households accessed the Internet through a broadband connection that would not have existed in the 1980s
This potential for bias in the CPI is referred to as ________ bias and results in ________. A) outlet; the CPI overestimating the true change in the cost of living B) outlet; the CPI underestimating the true change in the cost of living C) new product; the CPI overestimating the true change in the cost of living D) net product; the CPI underestimating the true change in the cost of living
The in-kind Medicare transfer increased real incomes of the aged by 17 to 40 percent
Indicate whether the statement is true or false
Which of the following statements is FALSE?
A. Income distributions have become less equal in the United States in the past 30 years. B. The poverty rate measures the percentage of people living in households with incomes below the poverty line. C. Higher taxes tend to reduce the incentive to work productively and innovate. D. Worldwide, no countries are catching up to the United States with respect to GDP per capita.