A country will roughly double its GDP in five years if its annual growth rate is:
a. 5 percent
b. 7 percent.
c. 12 percent.
d. 14 percent.
d
Economics
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Refer to the figure above. If the supply curve for flash drives shifts from S1 to S2, with no change in the demand curve, the new competitive equilibrium quantity is:
A) 10 units. B) 20 units. C) 40 units. D) 60 units.
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Is the distribution of income across different countries in the world equitable? In other words, do all countries share the world's wealth equally?
What will be an ideal response?
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The takeover process does not use up capital; it merely redistributes it.
Answer the following statement true (T) or false (F)
Economics
When a good ends up undersupplied, we can assume it is a:
A. common resource. B. private good. C. public good. D. transitory good.
Economics