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Question
This year, real GDP per person in Country A is eight times real GDP per person in Country B. If Country B's real GDP per person grows at a rate of 5 percent, about how many years will it take for Country B to reach the level of real GDP per person in Country A in this year?A) 14 years
B) 28 years
C) 56 years
D) 42 years
E) It will never reach Country A's level of GDP per person.
Answer
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Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
Q:
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B) the social interest.
C) self-interest.
D) incentives.
E) answering the "for whom" question.
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A) What type of health care will be produced and in what quantity?
B) How will health care be produced?
C) For whom will health care be produced?
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E) Must we offer health care?
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B) what
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When the federal government decides to pay senators more than it pays soldiers, it answers the ________ question.
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Q:
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B) why
C) for whom
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Which of the following scenarios describes an action that is NOT rational from an economic point of view?
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Q:
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A) What?
B) How?
C) For whom?
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
An independent relationship between two variables is shown in a graph by
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B) a horizontal or a vertical line.
C) a downward-sloping line.
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