If Country A's real GDP grows at a rate of 14 percent per year, about how many years will it take for Country A's real GDP to double?

The above figure shows supply and demand curves for milk. If the government passes a $2 per gallon specific tax, the loss in producer surplus will equal

A) b + c + f + g. B) f + g. C) b + f. D) c + g.

The period from 1983 to 1990 was characterized by

a. decreasing budget deficits and increasing trade surpluses. b. persistently high inflation. c. below average rates of real GDP growth. d. consistent growth of real GDP and decreasing rates of inflation.