An economy growing at a consistent rate of 5 percent per year will double its income in
a. twenty-five years.
b. twenty-one years.
c. fourteen years.
d. twelve years.
C
Economics
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Which of these signifies the role of money in any economy? a. It acts as a tool for poverty alleviation in an economy
b. It serves as a medium of exchange in an economy. c. It indicates the economic wellbeing of a nation. d. It helps to differentiate between the nominal and real income of a nation. e. It is a clear indicator of the growth in national income.
Economics
The money demand function implies that money demand is
A. negatively related to interest rates. B. negatively related to bond prices. C. positively related to interest rates. D. negatively related to transactions in the economy.
Economics