During 2005, real GDP in Ireland grew 9.8 percent. If Ireland maintains this level of growth in the future, real GDP will double in approximately how many years?
What will be an ideal response?
With an annual growth rate of 9.8 percent, the Rule of 70 shows that Ireland's real GDP will double in approximately 70 รท 9.8 = 7.1 years.
Economics
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Joe wants to achieve the highest position possible with the XYZ Co During the interview, he tells them he is capable of performing many difficult tasks. The company feels there is a 10% chance he is lying
Given the payoff matrix in the above figure, what job level will the company offer to Joe? Why?
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If Macroland's MPC is 0.8, then we know MPS = 1.8 from the relation MPS = 1 + MPC
Indicate whether the statement is true or false
Economics