In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is:
A. 3.8%.
B. 5.0 %.
C. 5.8%.
D. 7.0 %.
A. 3.8%.
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Figure 1-2
Identify the slope of the two curves A and B in Figure 1-2.
A. A—zero, B—one. B. A—one, B—zero. C. A—one, B—different at different points. D. A—different at different points, B—zero.
When supply decreases and demand does not change, the equilibrium quantity ________ and the equilibrium price ________
A) increases; rises B) decreases; falls C) increases; falls D) decreases; rises
The three major revenue sources for the federal government in order of decreasing percentages are individual income taxes, corporate taxes, and social security insurance
a. True b. False Indicate whether the statement is true or false
A company's net present value:
A. is the current value of the company’s expected future cash flows. B. is a measure of the book value of that company. C. tells you the "correct" price of shares in the company. D. adds up the value of all the assets a company currently owns.