Using the Rule of 70, if China's current growth rate of real GDP per person was 7 percent a year, how long would it take the country's real GDP per person to double?

There is a government budget surplus if

A) G > T. B) G > TR. C) T - TR > G. D) TR < T.

In years of economic contraction, firms throughout the economy increase their production of goods and services, employment rises, and jobs are easy to find

a. True b. False Indicate whether the statement is true or false