If people suddenly start to expect the price of oil to rise less rapidly than the interest rate, the demand for oil ________ and the supply of oil ________

If the growth rate of real GDP rises from 3% to 4% per year, then the number of years required to double real GDP will decrease from

A) 11.2 years to 10.8 years. B) 23.3 years to 17.5 years. C) 28.0 years to 21.0 years. D) 23.3 years to 20.6 years. Table 21-1 Year Real GDP (billions of 2000 dollars) 2013 $8,700 2014 8,875 2015 9,000 2016 9,280

If a country's goods exports are less than its goods imports, then it experiences a:

a. balance of payments surplus. b. balance of payments deficit. c. balance of trade surplus. d. balance of trade deficit.