Suppose that the real Gross Domestic Product (GDP) growth rate for a country was 2 percent and the population growth rate was 2 percent. What would the per capital real Gross Domestic Product (GDP) growth rate be for this country?
A. -6 percent
B. 0 percent
C. 6 percent
D. None of these
Answer: B
Economics
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A) 13; 11 B) 12; 13 C) 12; 11 D) 14; 10
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What will be an ideal response?
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How does an expansionary monetary policy affect aggregate expenditures according to the bank lending channel?
What will be an ideal response?
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a. varies with the quantity of inputs used. b. decreases with output. c. increases with output. d. remains constant regardless of output.
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