This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: To calculate the time required for real GDP to double, we _____. a. divide the annual growth rate ... (Read 41 times)

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
on: Jun 30, 2018
To calculate the time required for real GDP to double, we _____.
 a. divide the annual growth rate by 72
  b. divide 72 by nominal GDP
  c. divide real output by 72
  d. divide 72 by the annual growth rate
  e. multiply real GDP by 72

Question 2

If one is interested in knowing whether or not a product is a normal good, one would be interested in the value of the:
 a. elasticity of supply.
 b. price elasticity of demand.
 c. income elasticity of demand.
 d. cross-price elasticity of demand.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jun 30, 2018
Wow, this really help

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Double Pulsar Double Pulsar
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Double-label fluorescence microscopy can visualize the relative distributions of Double-label fluorescence microscopy can visualize the relative distributions of
With fewer men than women in college, is it time to consider affirmative action for men? With fewer men than women in college, is it time to consider affirmative action for men?
Disitive Time For Water Disitive Time For Water
Estimated number of new HIV infections per year over time period in Canada Estimated number of new HIV infections per year over time period in Canada
Video: Bond types - Atomic structure and basis of bonds

For a complete list of videos, visit our video library