From 1980 to 2014, the average annual growth rate for the Mexican economy has been 0.8 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately
A) 9 years. B) 11 years. C) 56 years. D) 88 years.
D
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What is a fiduciary monetary system?
What will be an ideal response?
Discrimination lowers the average wage of members of one group of workers in spite of laws that require equal pay for all workers
a. True b. False Indicate whether the statement is true or false
Which of the following statements is most accurate?
a. Most of the variation in consumption spending can be explained by changes in the interest rate. b. Most of the variation in consumption spending can be explained by changes in disposable income. c. Most of the variation in consumption spending can be explained by changes in wealth. d. Most of the variation in consumption spending can be explained by changes in debt. e. There is no single factor that explains much of the variation in consumption spending.
Economic efficiency requires that no more Pareto improvements are still possible
a. True b. False