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 98 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?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

For a complete list of videos, visit our video library