1. The economy of Country A grows at a rate of 1.5 percent per year. The economy of Country B grows at a rate of 2.5 percent per year. It will take approximately ______ more years for the economy of Country A to double than it will for the economy of Country B to double.

Group of answer choices

18.7

70

2. Corrine lives in a country that successfully transitioned from autocracy to democracy. Based on this information we can conclude that Corrine's country ______.

may or may not be growing economically

has seen its economic growth decline

3. The loanable funds market is where ______.

households make their saving available to those who desire to borrow additional funds

corporations present shares of their profits to stock holders

government agencies collect a portion of earnings to be used to provide public services

4. Banks make a profit by ______.

charging borrowers interest for a shorter term than they pay their depositors

charging borrowers the same interest rate that they pay their depositors

charging borrowers a higher interest rate than what they pay their depositors

5. Budget deficits reduce investment spending and long-term economic growth due to the ______.

crowding-out effect

market indices effect

present value rule