Suppose that a country grows at an annual rate of G = 2%, imagine that at time "t" the country has an income level Yt. What will the income level of this country be in 10 years?" A. Y10 = Yt * 1.219 B. Y10 = Yt * 2,191 C. Y10 = Yt * 3.207 D. Y10 = Yt * 46.902
Suppose that a country grows at an annual rate of G = 2%, imagine that at time "t" the country has an income level Yt. What will the income level of this country be in 10 years?" A. Y10 = Yt * 1.219 B. Y10 = Yt * 2,191 C. Y10 = Yt * 3.207 D. Y10 = Yt * 46.902
Chapter9: Demand-side Equilibrium: Unemployment Or Inflation?
Section9.A: The Simple Algebra Of Income Determination And The Multiplier
Problem 4TY
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Q.1
i. Suppose that a country grows at an annual rate of G = 2%, imagine that at time "t" the country has an income level Yt. What will the income level of this country be in 10 years?"
A. Y10 = Yt * 1.219
B. Y10 = Yt * 2,191
C. Y10 = Yt * 3.207
D. Y10 = Yt * 46.902
ii. Spending on newly built housing is considered, within the expenditure method of computing
A. Private consumption.
B. Public spending.
C. Investment.
D. It is not accounted for in National Accounts because only the year's production is taken into account
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