Econ 202- Test 2

¡Supera tus tareas y exámenes ahora con Quizwiz!

if an economy's GDP will double in 25 years, then its growth rate must be about:

2.8%

if the growth rate in an economy is 3.5%, then its GDP will double in about:

20 years

the government decides to subsidize the development of a new communications network. it is acting in its role to promote economic growth by:

enhancing physical and human capital

a legal system that enforces property rights is important to economic growth because:

legal protection of ideas and technologies gives people who innovate the ability to protect their work

According to Malthus, what part of the economy might increase at a rate such that the data would show an increase from 1,000 to 2,000 to 4,000 to 16,000

population

a stable financial system is important for all of the following reasons except

tax rate stability


Conjuntos de estudio relacionados

Personal Protective Equipment (PPE), Emergency Response Plans, Response to Hazardous Materials/WMD incidents, Identifying Processes for Evaluating Progress and Respiratory Protection (pgs. 71-104)

View Set

Thin Filaments (Actin, Troponin, Tropomyosin)

View Set

Chapter 7 Biology-Photosynthesis

View Set

Mortgages 3: Remedies (Disputes as to Sale)

View Set

Ch15: The Autonomic Nervous System

View Set

Atheism: the basis of Atheism and Agnosticism

View Set