According to the quantity theory of money, if the growth rate of money supply is 6 and the growth rate of real GDP is 9, then the growth rate of nominal GDP in the economy will be:
A) 9. B) 6. C) 3. D) 15.
Question 2
What will happen if the institutions in an economy transform from inclusive to extractive?
A) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will decrease.
B) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will decrease.
C) The return-to-entrepreneurship schedule will shift leftward and the opportunity cost to entrepreneurship will increase.
D) The return-to-entrepreneurship schedule will shift rightward and the opportunity cost to entrepreneurship will increase.
Effects of growth rate on development.
Exponential population growth.
Temperature Changes on Heart Rate
World Population Growth, 1750-2150
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