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Question 13 of 20

1.0 Points

According to the rule of 70, if a country grows at an average rate
of 4 percent per year, what would happen after 35 years?

A. The country’s real GDP per capita would multiply by 2.

B. The country’s nominal GDP would multiply by 4.

C. The country’s real GDP would multiply by 6

D. The country’s nominal GDP per capita would multiply by 8.

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Question 14 of 20

1.0 Points

Which of the following would not be considered physical capital?

A. An optical lens

B. A trained physicist

C. A spotlight

D. A clipboard

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Question 15 of 20

1.0 Points

Policies designed to protect workers:

A. include minimum wage laws.

B. include unionization laws.

C. can lead to unemployment.

D. All of these are true.