If the economy's real GDP doubles in 8 years, we can

A. conclude that its average annual rate of growth is 9%.
B. conclude that its average annual rate of growth is 12%.
C. conclude that its average annual rate of growth is 8%.
D. not say anything about the average annual rate of growth.


Answer: A

Economics

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A tax on golf clubs will cause buyers of golf clubs to pay a higher price, sellers of golf clubs to receive a lower price, and fewer golf clubs to be sold

a. True b. False Indicate whether the statement is true or false

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Explain why most retired individuals are not likely to be heavily invested in municipal bonds.

What will be an ideal response?

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If the expected return on bonds increases, all else equal, the demand for bonds increases, the price of bonds ________, and the interest rate ________

A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases

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