Jake retired from the police force. He started working an hour or two a day at a paid job in city's courthouse. Jake is

From 1980 to 2014, the average annual growth rate for the Mexican economy has been 0.8 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately

A) 9 years. B) 11 years. C) 56 years. D) 88 years.

Refer to Figure 4-1. If the market price is $2.00, what is the consumer surplus on the second burrito?

A) $0 B) $1.00 C) $2.00 D) $4.50