Author Question: This year, real GDP per person in Country A is eight times real GDP per person in Country B. If ... (Read 78 times)

rl

  • Hero Member
  • *****
  • Posts: 579
This year, real GDP per person in Country A is eight times real GDP per person in Country B.
 
  If Country B's real GDP per person grows at a rate of 5 percent, about how many years will it take for Country B to reach the level of real GDP per person in Country A in this year?
  A) 42 years
  B) 56 years
  C) 14 years
  D) 28 years
  E) It will never reach Country A's level of GDP per person.

Question 2

If the government of a country uses expansionary monetary policy:
 
  A) its currency will appreciate.
  B) its currency will depreciate.
  C) its currency will initially appreciate and then depreciate.
  D) its value of its currency in the foreign exchange market will not be affected.



akemokai

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library