Overall limits on an economy's ability to use capital are its
a. absorptive capacity
b. budget deficit
c. capital flight
d. disequilibrium interest rate
e. all of the above
A
Economics
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Suppose per capita real GDP grows by 3.5% per year. Based on the Rule of 70, approximately how many years will it take for the level of per capita real GDP to double (i.e., increase by 100%)?
A) 10 years B) 35 years C) 20 years D) 3.5 years
Economics
The sooner a payment is received and the higher the interest rate, the greater the present value of a future payment
a. True b. False Indicate whether the statement is true or false
Economics