Neoclassical growth theory predicts that China's economic growth rate will ________.
A) decrease when the interest rate increases
B) continue at around 10 percent a year
C) always remain above the U.S. economic growth rate
D) eventually converge to the U.S. economic growth rate
Question 2
If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was
A) 1.5 percent.
B) 15 percent.
C) 100 percent.
D) 115 percent.
