Calculate approximately how many years it will take per capita GDP in the United States, Mexico, China, Rwanda, and Haiti to double, assuming that each country continues to grow at the same average rate as between 1960 and 2010.

Country GDP per capita in 2010 Average Annual Growth

U. S. 41,365 2.00
Mexico 11,939 1.79
China 1,410 -0.14
Rwanda 7,746 4.72
Haiti 1,025 0.60

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4

What could explain why a decrease in taxes could lead to a less-than-proportionate increase in output? a. as a result of diminishing returns to current consumption, consumers may choose to spread the extra spending over the long term rather than consuming the proceeds of a tax cut all at once. b. consumers may choose to save much of the tax cut in anticipation of having to pay higher taxes in the future. c. a decrease in taxes will necessitate lower government outlays, thus largely offsetting the higher consumption expenditures of households. d. all of the above. e. a and b only.

If people lost confidence in the government in government, which money would have the least value flat money representative money commodity money gold standard