The number of years it takes for GDP to double is found by
A. Multiplying 72 by per capita GDP.
B. Dividing the growth rate by 72.
C. Dividing 72 by the growth rate.
D. Multiplying 72 by the growth rate.
Answer: C
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The classical growth theory asserts that
A) population growth leads to more growth in technology. B) population growth will lead to people earning only a subsistence level of income. C) economic growth will continue indefinitely. D) economic growth and population growth complement each other. E) population growth increases a nation's economic growth.
What is marginal cost? Which curve is also referred to as the marginal cost curve?
What will be an ideal response?
Over? time, prices may change relative to each other. To take this change into? account, the Bureau of Economic Analysis calculates
A.real GDP using the prices in the current year. B.real GDP using chain weights. C.real GDP and nominal GDP using only base-year prices. D.nominal GDP using chain weights
The poorest regions in the world, as measured by GDP per capita, are:
A. Latin America and the Caribbean. B. the Middle East and North Africa. C. Sub-Saharan Africa and South Asia. D. Australia and New Zealand.