Refer to Table 11-3. Use the table above to calculate the annual growth rate in GDP. Also calculate the total percentage change in the growth from 2013 through 2016
Explain the difference between the average annual growth rate in real per capita GDP from 2013 through 2016 and the total percentage change in growth from 2013 and 2016.
One calculates the average annual percent change in growth from 2013 through 2016 by finding the individual growth rates from year to year and then averaging them. The growth rates are calculated as follows:
2014 growth = (29,000 - 28,
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When the price of a CD is $13 per CD, 39,000,000 CDs per year are supplied. When the price is $15 per CD, 41,000,000 CDs per year are supplied. What is the elasticity of supply for CDs?
A) 2.86 B) 0.35 C) 0.14 D) 0.05
One financial intermediary in our financial structure that helps to reduce the moral hazard from arising from the principal-agent problem is the
A) venture capital firm. B) money market mutual fund. C) pawn broker. D) savings and loan association.