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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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
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