If a country's income grows at the rate of 5 percent a year, it doubles in about

A) eight years.
B) six and one-half years.
C) ten years.
D) fourteen and one-half years.
E) twenty years.


D

Economics

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At the $180 billion equilibrium level of income, saving is $38 billion in a private closed economy. Planned investment must be:

A. $138 billion. B. $126 billion. C. $38 billion. D. $180 billion.

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Answer the following statement true (T) or false (F)

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