A 1% change in the annual growth rate of a country has
A) very little impact on the economy of a country.
B) a large impact in the future due to compounding.
C) a small impact in the current year, and smaller impact in the future because of compounding.
D) a large impact on the economy in the current year, but not in the future.
Correct Answer:
Verified
Q10: When there is economic growth, it is
Q11: When there is economic growth is a
Q12: Economic growth can be shown by
A) the
Q13: Which of the following does NOT contribute
Q14: Economic growth
A) is always positive.
B) is always
Q16: Investment in human capital
A) has no effect
Q17: Which one of the following is TRUE?
A)
Q18: Studies indicate that
A) there is a positive
Q19: The relationship between savings rates and growth
Q20: Higher savings rates mean higher future growth
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