If a country is growing at an annual growth rate of 5%, what will be its GDP after 5 years?
A) 5 times the current GDP B) 1.28 times the current GDP
C) 3.21 times the current GDP D) 1.8 times the current GDP
B
You might also like to view...
The establishment of GATT resulted in
a. lower tariff rates b. increased tariff rates c. decreases in total world trade d. increased protectionism e. a rise in the price of imports
According to the textbook, the evidence indicates that NAFTA has:
A. reduced the employment of unskilled workers in the United States significantly. B. reduced the wages of skilled workers in the United States. C. stopped illegal immigration from Mexico. D. not significantly reduced the employment of unskilled workers in the United States.
Frictional unemployment describes
A. recent entrants, re-entrants, and voluntary quits who require only a short time to find new employment. B. the growing number of job seekers whose absence of skills makes them unemployable in any line of work except unskilled, dead-end jobs. C. the loss of jobs resulting from periods of recession. D. extended periods of unemployment during which retraining for new jobs occurs. E. seasonal layoffs and periods without work, such as construction and public school teaching.
The effect of a change in taxes is less than the same sized change in government purchases because...
What will be an ideal response?