A network externality refers to a situation in which the usefulness of a product decreases with the number of consumers who use it

Classical growth theory predicts

A) a slowdown in population growth over time. B) sustained increases in economic growth in the long run. C) sustained increases in the standard of living in the long run. D) real GDP per person will remain at the subsistence level over time. E) the population growth rate slows as real GDP per person rises.

Refer to the scenario above. The interest earned on the sum deposited is:

A) $300. B) $1,000. C) $1,300. D) $2,300.