Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 3.5%; scenario B has an average annual growth of 4.5%. The nation's real GDP would double in about:
A. 20 years under scenario A, versus 30 years under scenario B
B. 20 years under scenario A, versus 16 years under scenario B
C. 12 years under scenario A, versus 16 years under scenario B
D. 16 years under scenario A, versus 30 years under scenario B
B. 20 years under scenario A, versus 16 years under scenario B
Economics
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It is the role of ________ to transfer funds from savers to borrowers
A) corporate governance B) the federal government C) an economy's financial system D) the Federal Reserve
Economics
Keynes argued that the precautionary component of the demand for money was primarily determined by the level of people's ________, which he believed were proportional to ________
A) incomes; wealth B) incomes; age C) transactions; income D) transactions; age
Economics