Transaction money is

According to the graph above, the last expansion to occur before the outbreak of World War I in 1914 had a duration of ________

A) 23 months B) 44 months C) 3 years D) 12 months E) 20 months

An IAC (industrially advanced country) had a per capita income of $28,200 while a DVC (developing country) had a per capita income of $1,200. If both countries experience a per-capita-income growth of 2 percent, then their respective per-capita income levels will become:

A. $33,840 and $1,440 B. $28,764 and $1,224 C. $33,840 and $1,224 D. $28,764 and $1,440