Suppose that the chain-weighted index for GDP in Gambia was 275 in 2015 and 350 in 2016. The inflation rate between those two years was approximately
A) 20.2 percent. B) 27.3 percent. C) 37.5 percent. D) 75 percent.
B
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Governments can use public regulation to help solve information problems by:
A. mandating participation in a market or program. B. making screening illegal. C. mandating employers build a reputation before screening. D. All of these statements are true.
Which of the following is NOT a reason why an increase in the interest rate usually makes investment projects less attractive?
A. At a higher rate, future dollars are worth less compared to current dollars. B. A typical investment project incurs the majority of its costs early in its life. C. A typical investment project receives a disproportionate fraction of its revenue early in its life. D. At a higher rate, putting money into the bank is more attractive.
The recessions of the 1970s are often attributed to
a. declining inflation expectations. b. an increase in oil prices. c. declines in the price of stock. d. decreases in the money supply.
New growth theory emphasizes the contribution of technology to growth more than Classical growth theory.
Answer the following statement true (T) or false (F)