The rule of 72 implies that a country with a growth rate of 6 percent will double its income in about:
A. 8 years.
B. 16 years.
C. 12 years.
D. 6 years.
Answer: C
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Refer to Figure 18-6. If area X = 2,060, area Y = 240, and area Z = 2,700, calculate the Gini coefficient for Islandia
A) 0.41 B) 0.45 C) 0.70 D) 0.76
The longer you hold stocks in the stock market, the more likely you will earn a positive return, ceteris paribus.
Answer the following statement true (T) or false (F)
Inventory accumulation occurs whenever
a. output is less than spending. b. output exceeds spending. c. investment exceeds saving. d. a deficit budget occurs.
A Social Security system in which payroll taxes that workers and their employers pay in go directly to retirees and other beneficiaries is known as
A. a primary-deficit system. B. a pay-as-you-go system. C. an individual-account system. D. a social-lockbox system.