According to the rule of 70, if a person's saving doubles in 10 years, what interest rate were they earning?
a. 3.5
b. 7
c. 14
d. None of the above is correct.
b
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Based on the relative size of factor payments, the most important resource in the U.S. economy is
a. capital. b. land. c. labor. d. natural resources.
The industrial revolution began in
A. England. B. The United States. C. Germany. D. Japan.
People benefit by participating in the market because
A. Market participation allows individuals to specialize and, with trade, ultimately consume more. B. Resources are no longer limited. C. Participants in the market do not have to make choices. D. There are always participants in the market that are more efficient than you are in production.
Table 20-8. Refer to Table 20-8 Comparing data from 2000 and 2011, which of the following statements is correct?
a. the bottoms 40% of the population had a greater share of the income in 2011 than it did in 2001.
b. The top 40% of the population had a greater share of the income in 2011 than it did in 2001.
c. The middle 60% of the population had a greater share of the income in 2011 than it did in 2001.
d. All of the above are correct