Author Question: If GDP grows at a rate of 3 per year, approximately how long will it take for GDP to double in size? ... (Read 70 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
If GDP grows at a rate of 3 per year, approximately how long will it take for GDP to double in size?
 
  A) 12 years B) 21 years C) 23 years D) 35 years

Question 2

Under the Soviet system of communism
 
  A) managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
  B) the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries.
  C) competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
  D) technological progress was slow because managers had little incentive to develop new technologies.



tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Cyanide works by making the human body unable to use oxygen.

For a complete list of videos, visit our video library