Suppose the small country of Trantor has a steady growth rate of 2.5 percent. Its GDP is expected to double in
A. 70 years.
B. 5 years.
C. 2.5 years.
D. 28 years.
Answer: D
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A corn-chip maker who buys September corn futures in May at the time she signs a contract with Safeway to deliver 1000 cases of corn chips each month for the next year is
A) competing against speculators, who profit from price fluctuations. B) increasing her risk from price fluctuations. C) reducing her risk from price fluctuations. D) reducing or increasing her risk from price fluctuations, depending on what subsequently happens to the price of corn.
Which of the following groupings correctly represents the Four Tigers (or Four Dragons)?
A) Thailand, China, Japan, and Malaysia B) Hong Kong, Singapore, South Korea, and Taiwan C) Japan, Hong Kong, Thailand, and Malaysia D) South Korea, China, the Philippines, and Japan E) Singapore, Malaysia, Indonesia, and India
The price elasticity of supply for Good A is equal to 0 . Fifty units of Good A are supplied when its price is $40.0 . If the price of Good A increases to $44.80, its supply will: a. decrease to 44 units
b. increase to 56 units. c. increase to 54 units. d. remain the same at 50 units.
The inflation rate is the
A) Percentage change in the composition of the CPI market basket from the base year to the next year. B) Percentage change in the CPI from one year to the next year. C) Difference between the current period CPI and the base period CPI. D) Difference between the base period CPI and the current period CPI.