Refer to Figure 4-10. Suppose that instead of a price ceiling, the government imposed a price floor of R1. What is the area representing the portion of consumer surplus transferred to producers as a result of the price floor?

The U.S. rate of productivity growth in the 1970s and 1980s was _____ the rate of productivity growth in the 1960s.

A. twice B. one and a half times C. equal to D. one third

Clint puts $200 into an account when the interest rate is 8 percent. Later he checks his balance and finds that he has a balance of about $272.10 . How many years did Clint wait to check his balance?

a. 3 years b. 3.5 years c. 4 years d. 4.5 years