Refer to the information above. If an economy has a real GDP doubling-time of 48 years, this can be reduced to 30 years if annual GDP growth is raised by ________ percentage points
A) 4
B) 2.4
C) 1.6
D) 0.9
D
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A trade deficit means:
A) the country has positive net savings, which it lends abroad. B) the country has negative net savings, which it lends abroad. C) the country has positive net savings, which it borrows from abroad. D) the country has negative net savings, which it borrows from abroad.
For which of the following products would price discrimination be most difficult?
a. photograph developing b. tooth extractions c. airline tickets d. beer e. college education
One of the factors that causes differences in inequality across countries is:
A. the extent to which governments redistribute income through the public budget. B. the amount of jobs that are available in the country. C. the labor force participation rate within countries. D. how many income earners there are relative to total population.
Unemployment that is of a short duration to allow time to find a new job is:
a. structural unemployment. b. cyclical unemployment. c. frictional unemployment. d. durational unemployment.