Suppose the annual growth rate of GDP in Nepal is 5 percent. In 35 years, GDP in Nepal will double
A) 1.75 times. B) 2.5 times. C) 7 times. D) 24.5 times.
B
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If a theatre company expects $250,000 in ticket revenue from five performances and $288,000 in ticket revenue if it adds a sixth performance, the
A) marginal revenue of the sixth performance is $288,000. B) marginal revenue of the sixth performance is $38,000. C) cost of staging the sixth performance is probably higher than the cost of staging the previous five. D) company will be making a loss on the sixth performance because its ticket sales will be less than the average revenue received from the previous five.
A change in the dollar price of yen from $1 = 100 yen to $1 = 50 yen will:
A. make U.S. goods more expensive to the Japanese. B. make Japanese goods less expensive to Americans. C. increase U.S. exports and depress Japanese exports. D. increase Japanese exports and depress U.S. exports.