If GDP is expected to increase at a steady rate of 3% per year, how many years would it take for living standards to double?

a. 10
b. 20
c. 24
d. 30

c

Economics

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If you want to purchase a new sailboat in two years for $9,000, how much would you presently need to have in your bank account to have $9,000 in two years? Assume your bank account pays 3 percent interest

A) $8,484 B) $8,613 C) $8,738 D) $8,822

Economics

Along a perfectly competitive industry's long-run supply curve

A) economic profits are positive. B) economic profits are zero. C) entrepreneurs earn an above-average rate of return. D) the number of firms is constant.

Economics