Per capita income growth is derived by dividing a country's income growth by its
a. money growth
b. production growth
c. productivity growth
d. population growth
e. output growth
D
Economics
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Suppose a bank has $200,000 in deposits and a reserve ratio of 15 percent. Its required reserves are
A) $350. B) $1,500. C) $3,000. D) $30,000.
Economics
For a perfectly competitive firm, the market price of a good is
A) a given which the firm cannot change. B) determined by the firm in order to maximize its profit. C) equal to the firm's marginal revenue. D) Answers A and B are correct. E) Answers A and C are correct.
Economics