The fastest growing nations today are those with
A) few funds spent on research and development.
B) government intervention in markets to ensure high prices.
C) the least saving.
D) the fastest growing exports and imports.
E) barriers that significantly limit international trade.
Question 2
The velocity of circulation grows at 1 percent and real GDP grows at 3 percent. If the quantity of money grows at 4 percent, the inflation rate is
A) 8 percent. B) 4 percent. C) zero. D) 2 percent. E) 10 percent.