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Author Question: If an individual borrows 100 at an annual rate of interest of 5, how much interest will he have to ... (Read 14 times)

DyllonKazuo

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on: Jun 30, 2018
If an individual borrows 100 at an annual rate of interest of 5, how much interest will he have to pay at the end of a year?
 
  A) 20 B) 10 C) 50 D) 5

Question 2

According to Romer and other new growth theorists, what could poor countries do to stimulate greater economic growth?
 
  What will be an ideal response?


Eazy416

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

According to new growth theory, poor countries can stimulate greater economic growth by investing more in human capital as well as physical capital, by moving toward freer trade, and by encouraging innovation.


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