Question 13 of 20
According to the rule of 70, if a country grows at an average rate
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.
Question 14 of 20
Which of the following would not be considered physical capital?
A. An optical lens
B. A trained physicist
C. A spotlight
D. A clipboard
Question 15 of 20
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.