If a country's annual growth rate is 2%, then its output will double in approximately ____ years
a. 2
b. 10
c. 25
d. 35
d
Economics
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With asymmetric information, firms might be reluctant to improve the quality of their products because
A) it costs them more to produce the better quality product. B) they are not able to completely capture the benefits of the improvement. C) consumers do not value the better product. D) consumers are better informed about the product and value the new product less.
Economics
If the quantity supplied of euro were greater than the quantity demanded, then the price of the
a. euro would rise. b. euro would fall. c. dollar would fall. d. euro would be in equilibrium.
Economics