The real interest rate is the annual percentage amount of money that is earned on a sum loaned or deposited in a bank
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The Industrial Revolution in England in large was the result of
A) growth in human capital. B) technological innovations encouraged by the patent system. C) population growth. D) technological innovations that were financed mainly by government spending.
Economics
The standard of living in an economy is best measured by:
A. the inflation rate. B. output per person. C. total output. D. average labor productivity.
Economics