Author Question: From 1980 to 2014, the average annual growth rate for the Mexican economy has been 0.8 percent. ... (Read 51 times)

TVarnum · **on:** Jun 29, 2018

From 1980 to 2014, the average annual growth rate for the Mexican economy has been 0.8 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately

A) 9 years. B) 11 years. C) 56 years. D) 88 years.

Question 2

If the current account is in deficit and the capital account is zero, then

A) the balance of payments must be in surplus.
B) there is a capital outflow.
C) the balance of services must be in surplus.
D) the balance of trade must be in surplus.
E) the financial account must be in surplus.