Slowdonia's current growth rate of real GDP per person is 2 percent a year. How long will it take to double real GDP per person?
A) half a year
B) approximately 10 years
C) 28.6 years
D) 35 years
D
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Assuming that the demand and supply of a good have moved in the same direction, and by the same amount, the new equilibrium would represent: no change in price and an increase in quantity exchanged. a. an increase in price and an increase in quantity exchanged
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E1 is demand elasticity for Minute Maid orange juice, E2 is demand elasticity for all orange juice, and E3 is demand elasticity for all fruit drinks. Then
A. |E1| > |E2| > |E3| B. |E3| > |E1| > |E2| C. |E2| > |E3| > |E1| D. |E3| > |E2| > |E1|