Economys real gdp doubles

Assignment Help Business Economics
Reference no: EM13839355

If the economy's real GDP doubles in 18 years, we can...

A. not says anything about the average annual rate of growth.

B. concludes that its average annual rate of growth is about 5.5 percent.

C. concludes that its average annual rate of growth is about 2 percent.

D. concludes that its average annual rate of growth is about 4 percent.

Reference no: EM13839355

Questions Cloud

Example of a change in the quantity demanded : Which of the following is an example of a change in the quantity demanded? (Hint. For which items is there a direct change in price that leads to a change in quantity demanded) Markets are more efficient when information is perfect; an example is:
Wealth and housing possibilities after housing prices fall : If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
Finding consumer surplus-producer surplus and tax revenue : Little confused on finding Consumer Surplus, Producer Surplus and Tax Revenue when tax is involved. I’m use to seeing the supply and demand lines extending to the y axis so i can find out the CS and PS easily by taking the area of the triangles betwe..
The difference between monopsonist and monopolist : The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
Economys real gdp doubles : If the economy's real GDP doubles in 18 years, we can...
What is annual equivalent life-cycle cost of the gas turbine : A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. what is the ..
Statements concerning market structure : The characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market is. Which of the following statements concerning market structure is not true?
Most closely represent a monopolist : Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is
Clients correctly submit integer and fifo name to serve : Accepts connections from 3 clients each in a separate window - Clients correctly submit integer and FIFO name to serve

Reviews

Write a Review

Business Economics Questions & Answers

  Employment rate increased to the prerecession level

In 2013, approximately 58 percent of the adult population (245 million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the prerecession level of 62 percent, How many more people would be working? By how much..

  Discuss the challenges you would face if you decided

Describe the best possible distribution channel for that product or service and why that particular channel would be better than any alternatives. Discuss the challenges you would face if you decided to market your product or service on a global ..

  Q1 which of the following is not a possible explanation as

q1. which of the following is not a possible explanation as to why wage inequality increased markedly over the last 40

  What would be the quantity traded

Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90-0.20Q. If there is a price floor of 2.94, what would be the quantity traded?

  The supply curve of a firm in the long run

The supply curve of a firm in the long run, is:

  What is the present value of the future payment

Suppose that in exactly five years you will recieve a one-time payment equal to $4,000. If the interest rate is 6 percent (compounded annually), approximately how much is this payment worth to you today? In other words, what is the "present value" of..

  Aggregate demand recession is transmitted

Illustrate what is the mechanism by which an aggregate demand recession is transmitted from one country to another.

  Qsuppose a firms production function is q2kl2-l3and its

q.suppose a firms production function is q2kl2-l3and its quantity of capital is fixed at k6 in the short-run.a. find

  Imagine the hourly production

Imagine the hourly production for tuna cans is given by q = 6K + 4L. Assuming capital is fixed at 6, how much L is required to product 60 tuna cans per hour? Assuming capital is fixed at 8, how much L is required to product 60 tuna cans per hour?

  Used piece of furniture-income of drug dealer

Which of these transactions do not get counted in GDP--sale of a used piece of furniture, income of a drug dealer, income of your teenage babysitter, daycare services, services of a doctor, a condo built in 2004 resold today, purchase of a brand new ..

  Explain how principles be applied in an example

Explain how can each of the 10 principles be applied in an example or experience with which you are familiar. How do you intend to use your newfound knowledge in future economic decisions.

  Compute elasticity of trades with respect to demand function

Compute the elasticity of trades with respect to every inconsistent in the demand function.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd