Suppose hypothetically that the consumer price index (CPI) was 150 in Year 1 and was 180 in Year 2 . What would be the inflation rate for this period?
a. 12 percent.
b. 16.7 percent.
c. 20 percent.
d. 30 percent.
c
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Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every
A) 6.72 years. B) 15.91 years. C) 44 years. D) 65.6 years.
If the U.S. interest rate differential falls, then the exchange rate
A) does not change. B) definitely falls. C) definitely rises. D) falls only if it was the U.S. interest rate that changed. E) rises only if it was the foreign interest rate that changed.
Complete information sequential games can be represented in payoff matrices and complete information simultaneous games can be represented in game trees with information sets.
Answer the following statement true (T) or false (F)
Why is it the case that a commodity tax on goods like food and shelter is sometimes seen as being regressive?
What will be an ideal response?