We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 70.
B. rule of 60.
C. growth estimator.
D. GDP deflator.
A. rule of 70.
You might also like to view...
In the absence of the negative externality from each individual's contribution to road congestion, roads would not be congested (aside from congestion caused by accidents).
Answer the following statement true (T) or false (F)
When a textile company keeps track of its inventory using a computer and its competitor uses a pad of paper and a pencil, they are both answering the ________ part of one of the two big economic questions
A) "what" B) "how" C) "for whom" D) "where"
Refer to Figure 20.3 below. Suppose the equation that equates excess burden to the tax rate can be written as EB = t 2 , where EB is excess burden and t is the tax rate.
(A) Suppose the tax rate t is initially 12 percent. How much excess burden is generated?
(B) If the tax rate doubles to 24 percent, what happens to excess burden?
A profit center is
a. evaluated based on minimizing costs within the division b. evaluated based on maximizing costs within the division c. evaluated based on minimizing profits generated by the division d. evaluated based on maximizing profits generated by the division