We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 70.
B. rule of 60.
C. growth estimator.
D. GDP deflator.
A. rule of 70.
Economics
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A monopsony will hire another worker if the
A) marginal cost of labor exceeds the value of marginal product. B) marginal cost of labor is less than the value of marginal product. C) marginal cost of labor is less than the wage rate. D) wage rate exceeds the value of marginal product.
Economics
According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?
This table shows the price-level adjustment as compared to the United States.
A. $30,303
B. $35,000
C. $20,030
D. $15,000
Economics