Refer to the information above. If an economy can raise its annual real GDP growth rate from 1.8 percent to 2.4 percent, its real GDP doubling time is reduced by ________ years
A) 30
B) 24
C) 10
D) 43.2
C
Economics
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Suppose that X and Y are complementary goods. If the price of good X decreases, we can expect the:
a. demand for good X to increase. b. quantity demanded of good Y to decrease. c. quantity demanded of good Y to increase. d. demand for good Y to decrease. e. demand for good Y to increase.
Economics
The United States imports heavily in all of the following markets except
A. Aluminum. B. Coffee. C. Chromium. D. Aircraft.
Economics
________: the situation where equilibrium GDP is less than full employment output
Fill in the blank(s) with correct word
Economics
The price of the good multiplied by the quantity sold is its
A) total revenue. B) total cost. C) total spending. D) total income. E) total quantity.
Economics