Author Question: This year, real GDP per person in Country A is eight times real GDP per person in Country B. If ... (Read 107 times)

rl

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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

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Answer to Question 1

A

Answer to Question 2

B



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