The number of years required for real GDP to double can be found by:
A. dividing the annual growth rate by .07.
B. multiplying the annual growth rate by 70.
C. dividing 70 by the annual growth rate.
D. adding 14 to annual growth rate.
C. dividing 70 by the annual growth rate.
Economics
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If the price of gasoline was $3.25 a gallon and it is now $3.75 a gallon, what is the percentage change in price?
A) 7.1 percent B) 13.3 percent C) 15.4 percent D) 33.3 percent
Economics
Review three methods that might achieve the efficient use of a common resource and explain the obstacles to efficiency
What will be an ideal response?
Economics