Countries are concerned about small changes in their average annual growth rates in per capita income because
A) growth rates are a factor in U.N. participation.
B) the power of compounding means small changes have large effects over time.
C) growth rates tend to decline over time.
D) the faster a country grows today, the less it will be able to consume in the future.
B
You might also like to view...
In a price-leadership oligopoly, it is much simpler for the price leader to identify its dominant strategy when
a. at least one price follower has a terminal strategy b. it expects competition from the other firms c. it expects other firms to match its prices d. the government actively seeks antitrust penalties e. price equals marginal cost
Which of the following is the best definition of a spot market?
a. A market in which a good is bought or sold with the idea that the price will increase in the future b. A market in which a good is bought or sold with the hope that the price will decrease in the future c. A market in which prices do not fluctuate up or down very easily d. A market in which a good is bought or sold for immediate delivery or consumption e. A market in which the good being traded is used to remove spots on clothes