Researchers believe that the economy grows at least one percentage point less annually when:
a. the ratio of public debt to GDP exceeds 90 percent for at least five years in a row.
b. the ratio of public debt to GDP exceeds 50 percent for at least two years in a row.
c. the growth rate of population falls for at least five years in a row
d. the rate of inflation is below 4 percent for at least two years in a row.
e. the growth rate of real interest rates falls for at least five years in a row.
a
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The formula of the equation of exchange is
A) MS = VPY. B) MSV = PY. C) MS/P = Y. D) MS = Y.
The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The CPI in 2011 is
A) 94.2. B) 140.5. C) 124. D) 100. E) 106.2.
If the government proposed a one-time tax of 25% on accumulated wealth, this would likely
A) reduce the incentive for individuals to accumulate wealth. B) increase the incentive for individuals to accumulate wealth. C) have no impact on individual accumulation of wealth since it is a one-time tax. D) All of the above are equally likely to happen.
Nations get significant advantages if they have a single, valuable, natural resource, with little downside risk
Indicate whether the statement is true or false