Between the years 1000 to 1800, growth in world output averaged ______ percent.
Fill in the blank(s) with the appropriate word(s).
0.1
You might also like to view...
Which of the following statements identifies a similarity between optimization in levels and optimization in differences?
A) Both techniques consider only the costs of different alternatives. B) Both techniques consider only the total benefits of different alternatives. C) Both techniques evaluate the total net benefit of different alternatives to arrive at a decision. D) Both techniques require the conversion of all costs and benefits into a common unit of measurement.
Aggregation is important because it allows macroeconomists to divide a whole into its individual components
a. True b. False
The Fed's exit strategy refers to how they will exit from political discussion
a. true b. false
If you would have to pay $5,000 in taxes on a $25,000 taxable income and $7,000 on a $30,000 taxable income, then the marginal tax rate on the additional $5,000 of income is:
A. 40 percent and the average tax rate is about 23 percent at the $30,000 income level. B. 50 percent and the average tax rate is 40 percent at the $30,000 income level. C. 40 percent and the average tax rate is 25 percent at the $25,000 income level. D. 30 percent, but average tax rates cannot be determined from the information given.