A change in the growth rate of a country of one percentage point annually has
A) a large impact on the economy in the current year, but not in the future.
B) a large impact in the future due to compounding.
C) a small impact in the current year, and smaller impact in the future because of compounding.
D) very little impact on the economy of a country.
B
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Under which one of the following market structures are sellers most likely to consider the reaction of rival sellers when they set the price of their product?
a. Perfectly competition. b. Monopoly. c. Monopolistic competition. d. Oligopoly.
Which of the following is not part of U.S. GDP?
a. the value of a Toyota imported from Japan b. the value of a Ford Mustang produced in the United States and sold in Canada c. the salary of the governor of Minnesota d. the value of a Rhode Island attorney's services
The game in the figure shown is a version of:
A. the prisoner's dilemma. B. a sequential game. C. a repeated game. D. the first-mover advantage.
A citizen in a developing country with a currency policy of convertibility on the current account could engage in all of the following transactions except:
A. sell foreign currency resulting from the exports of manufactured t-shirts. B. sell foreign currency resulting from the sale of a U.S. treasury bond. C. purchase foreign currency in order to import a BMW. D. purchase foreign currency in order to purchase a U.S. treasury bond.