If the per capita income of a country is growing at 3.5 percent per year, approximately how long will it take for that income to double?
a. 20 years
b. 25 years
c. 35 years
d. 70 years
A
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A _____ is a certificate of indebtedness and a _____ is a claim to partial ownership in a firm
Fill in the blank(s) with correct word
Which of the following is a correct listing of money's functions?
A) source of credit, value of transaction costs, unit of barter B) medium of barter, medium of exchange, medium of transactions C) unit of barter, unit of account, a unit of income D) store of value, store of exchange, measure of account E) store of value, medium of exchange, unit of account
From 2006 to 2008, ______ fell by $350 billion.
a. mortgage-backed security valuations b. individual foreclosures c. subprime mortgage originations d. housing construction
When the federal government is running a budget deficit:
A. government tax revenues exceed government expenditures. B. government expenditures exceed government tax revenues. C. the economy must be in an economic recession. D. the size of the national debt will decline.