We can estimate that if a country grows at 7 percent per year, it will double its real GDP per capita in:
A. 2 years.
B. 20 years.
C. 10 years.
D. 35 years.
Answer: C
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If a bank receives a new transaction deposit of $10,000 and the reserve ratio is 15 percent, then the bank could expand its loans by as much as
A) $8,500. B) $1,500. C) $66,700. D) $15,000.
The Fed's use of the federal funds rate as an operating target in the 1970s resulted in
A) countercyclical monetary policy. B) too slow growth in M1 throughout the decade. C) procyclical monetary policy. D) too rapid growth in M1 throughout the decade.
Economists would predict that if salaries increased for engineers and decreased for MBAs, fewer people than before would go to graduate school in business and more than before would go in engineering, ceteris paribus
a. True b. False Indicate whether the statement is true or false
The additional capital requirements put in place following the banking crisis of the 1980s led to a:
A. further slowdown in bank lending. B. prolonged economic slowdown lasting much of the 1990s. C. period of rapid economic growth in the early 1990s. D. quick rebound in the willingness and ability of banks to make loans.