If a country is growing at an annual growth rate of 5%, what will be its GDP after 5 years?
A) 5 times the current GDP B) 1.28 times the current GDP
C) 3.21 times the current GDP D) 1.8 times the current GDP
B
Economics
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The demand and cost schedules for a firm in monopolistic competition are in the above tables
What is the profit-maximizing level of output and price? What amount of profit is the firm earning? Is this firm in a short-run or long-run equilibrium? Why?
Economics
The total cost to a firm of producing zero units of output is
a. zero in both the short run and the long run b. its fixed cost in the short run, zero in the long run c. its fixed cost in the long run, zero in the short run d. its fixed cost in both the short run and the long run e. its variable cost in both the short run and the long run
Economics