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Author Question: If an economy is growing at a rate of 2.5 per year, how long will it take the economy to double in ... (Read 121 times)

joe

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on: Jun 29, 2018
If an economy is growing at a rate of 2.5 per year, how long will it take the economy to double in size?
 
  A) 60 years B) 43 years C) 36 years D) 28 years

Question 2

The drawback to calculating real GDP using base-year prices is that
 
  A) relative prices change over time and these are not reflected in base-year prices, and this distorts GDP.
  B) quality changes are reflected in base-year prices.
  C) relative prices change over time and these changes are reflected in base-year prices.
  D) real GDP in one year is not comparable to real GDP in another year.


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ngr69

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

D

Answer to Question 2

A


joe

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Reply 2 on: Jun 29, 2018
Excellent

amandalm

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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