The number of years required for real GDP to double can be found by
A. multiplying the annual growth rate by 72.
B. dividing 72 by the annual growth rate.
C. adding 72 to annual growth rate.
D. dividing the annual growth rate by .072.
Answer: B
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The net increase in a country's stock of international reserves over a year is called a(n):
A. trade surplus. B. balance-of-payments deficit. C. balance-of-payments surplus. D. trade deficit.
Betty spends all her income on wine and brie. Currently she gets 30 utils from the last bottle of wine and 15 utils from the last package of brie. The price of wine is $6 per bottle and the price of brie is $4 per package. a. Betty cannot increase her total utility by changing the combination of wine and brie she consumes. b. Betty can increase her total utility by buying more wine and less
brie. c. Betty can increase her total utility by buying more brie and less wine. d. Betty could increase her total utility by buying less of both brie and wine.
Which of the following is an inherent disadvantage to being a multinational enterprise (MNE)?
A. An MNE does not have the same assets as those held by its local competitors in the host market. B. An MNE does not initially have the native understanding of local laws, customs, procedures, practices, and relationships. C. An MNE's profits are doubly taxed by two governments. D. An MNE does not enjoy comparative advantages in the same goods as those of its local competitors in the host market.
Refer to the graphs shown. If consumers began purchasing more of this product due to a decrease in price, this would be shown by arrow:
A. A. B. B. C. C. D. D.