The Rule of 70 is used to
A: estimate how much of an economy's growth rate is due to increases in capital per hour of labor
B: calculate the standard of living
C: calculate the economy's growth rate
D: estimate how long it will take the level of any variable to double
A: estimate how much of an economy's growth rate is due to increases in capital per hour of labor
B: calculate the standard of living
C: calculate the economy's growth rate
D: estimate how long it will take the level of any variable to double
举一反三
- The growth ______ of the country’s economy was 3% last year. A: speed B: rate C: level D: value
- The price level in the economy is higher than it should be, given the potential growth rate – we get an ‘______ ’.
- Which of the following steps is NOT used in the full valuation approach in measuring interest rate risk（） A: Estimate hypothetical changes in required yields. B: Calculate the bond’s convexity. C: Recompute bond prices using the new required yields.
- The steady-state level of income per person in a country is a<br/>function of all the following EXCEPT ____ A: the rate of saving. B: the current level of income in the country. C: the efficiency with which the economy employs the factors of<br/>production. D: the population growth rate.
- We estimate one’s intelligence by checking how much a person ______.