According to the rule of 70, a country will double its real GDP per capita in 10 years if it:
A. has a population growth rate of 7 percent.
B. experiences a 7 percent growth rate in per-capita GDP.
C. has inflation of 7 percent.
D. None of these is true.
Answer: B
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Why do investors hedge using futures contracts?
A) they are seeking to increase liquidity B) they are willing to pay for a reduction in risk C) in order to provide a counterparty to speculators D) they are more flexible than forward contracts
In the 1600s, _____ and _____ emerged as the chief competitors in the race for control of North America
a. Spain; England b. England; Holland c. England; France d. Spain; France
When economic profits are zero, accounting profits are most likely:
A. positive. B. negative. C. zero. D. All of these are likely.
If the demand for loanable funds shifts to the left, then the equilibrium interest rate
a. and quantity of loanable funds rises. b. and quantity of loanable funds falls. c. rises and the quantity of loanable funds falls. d. falls and the quantity of loanable funds rises.