This topic contains a solution. Click here to go to the answer

Author Question: If an economy is growing at a rate of 2.5 per year, how long will it take the economy to double in ... (Read 80 times)

joe

  • Hero Member
  • *****
  • Posts: 627
If an economy is growing at a rate of 2.5 per year, how long will it take the economy to double in size?
 
  A) 60 years B) 43 years C) 36 years D) 28 years

Question 2

The drawback to calculating real GDP using base-year prices is that
 
  A) relative prices change over time and these are not reflected in base-year prices, and this distorts GDP.
  B) quality changes are reflected in base-year prices.
  C) relative prices change over time and these changes are reflected in base-year prices.
  D) real GDP in one year is not comparable to real GDP in another year.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ngr69

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

D

Answer to Question 2

A




joe

  • Member
  • Posts: 627
Reply 2 on: Jun 29, 2018
Excellent


tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library