If real GDP per capita doubles between 2005 and 2020, what is the average annual growth rate of real GDP per capita?

A result of an exchange rate depreciation, would occur as the spending patterns change in response to a change in the exchange rate.

a. expenditure switching from domestic to foreign products b. expenditure switching from foreign to domestic products c. expenditure switching from rural to urban producers d. terms-of-trade deterioration

What is the future value of $1,000 in three years if the rate of discount is equal to 5 percent?

A) $1,150.00 B) $1,005.00 C) $1,157.63 D) $863.84