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Author Question: Over the past decade, a nation's real Gross Domestic Product (GDP) grew at a constant rate of 10 ... (Read 76 times)

ss2343

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on: Jun 30, 2018
Over the past decade, a nation's real Gross Domestic Product (GDP) grew at a constant rate of 10 percent per year while its population grew 8 percent annually.
 
  Forecasters predict that during the coming decade, real GDP will continue to grow 10 percent annually, but the population growth rate is expected to drop to 6 percent annually. If the forecasters are correct, which of the following will be TRUE?
  A) The annual rate of growth of per capita real GDP will decline from 2 percent to 1 percent.
  B) The annual rate of growth of per capita real GDP will increase from 2 percent to 6 percent.
  C) The annual rate of growth of per capita real GDP will increase from 2 percent to 4 percent.
  D) The annual rate of growth of per capita real GDP will decline from 4 percent to 2 percent.

Question 2

Quantitative easing is likely to lead to a(n) ________.
 
  A) increase in unemployment rate B) decrease in the price level
  C) increase in the federal funds rate D) decrease in the federal funds rate


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helenmarkerine

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


ss2343

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Reply #2 on: Jun 30, 2018
Thank you


helenmarkerine

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Reply #3 on: Jun 30, 2018
No problemo


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