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Author Question: The Rule of 70 is used to A) estimate how much of an economy's growth rate is due to increases in ... (Read 25 times)

faduma

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  • Posts: 528
on: Jun 29, 2018
The Rule of 70 is used to
 
  A) estimate how much of an economy's growth rate is due to increases in capital per hour of labor.
  B) calculate the standard of living.
  C) calculate the economy's growth rate.
  D) estimate how long it will take the level of any variable to double.

Question 2

If depreciation is less than gross investment, then net investment is
 
  A) positive.
  B) negative.
  C) zero.
  D) This situation could never occur because it is impossible for depreciation to be less than gross investment.


Carliemb17

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


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