Assume that GDP growth in a particular country is 4 percent per year. How many years it will take for GDP to double?
a. 80.0 years.
b. 17.5 years.
c. 10.0 years.
d. 20.0 years.
e. 20.5 years.
B
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Which of the following is a subtle way for a company to reassure their competitors that it is committed to a tit-for-tat strategy?
A. Setting prices below cost B. Price-matching guarantees C. Collusion D. Offering a commitment strategy
Under a barter system
A) each good has many prices. B) each good has a single price. C) no prices for goods exist. D) prices for goods are very stable.
The phase out of the subsidies for the purchase of health insurance will increase the implicit marginal tax rate on earnings for which of the following groups?
a. The elderly. b. Individuals and families with incomes between 133 percent and 400 percent of the poverty level. c. Individuals and families with incomes of more than 400 percent of the poverty level. d. All workers employed by firms with fewer than 50 full-time employees.
Other things equal, a decrease in the price level will:
A. shift the aggregate supply curve to the left. B. shift the aggregate demand curve to the left. C. cause a movement up a short-run aggregate supply curve. D. cause a movement down an aggregate supply curve.