Author Question: This year, real GDP per person in Country A is eight times real GDP per person in Country B. If ... (Read 114 times)

rl

  • Hero Member
  • *****
  • Posts: 579
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

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

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?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library