Using the rule of 70, if the GDP per capita growth rate in the United States is 4.4 percent, real GDP per capita doubles every
A) 6.72 years. B) 15.91 years. C) 44 years. D) 65.6 years.
B
You might also like to view...
A command system is a method of coordinating a firm's productive resources that uses
A) government regulations. B) discipline and punishment. C) a managerial hierarchy. D) survival of the fittest.
The cross price elasticity of demand is measured by the
A) percentage change in the quantity demanded of one good divided by the percentage change in quantity demanded of another good. B) percentage change in the price of one good divided by the percentage change in price of another good. C) percentage change in the demand for one good divided by the percentage change in price of another good. D) percentage change in the price of one good divided by the percentage change in the demand for another good.
Contractionary policies are government policies that:
A. increase aggregate supply. B. decrease aggregate supply. C. decrease aggregate demand. D. increase aggregate demand.
A market structure characterized by a small number of interdependent sellers is called a(n)
A) monopoly. B) monopolistic competition. C) monopsony. D) oligopoly.