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Real per capita GDP in China in 1959 was about $350, but it doubled to about $700 by 1978, when Deng Xiaoping started market reforms. Chinese real per capita GDP doubled again in only seven years, reaching $1,400 by 1986. What was the average annual economic growth rate between 1959 and 1986?

For anything to serve as good money it must possess these characteristics

Which of the following are reasons given for trade barriers?

Use the graph to answer the following questions. In the figure, which combination of areas represents the social welfare?

Which of the following are reasons given for trade barriers?

The difference between the willingness to sell a good and the price a producer receives is also known as

If your rent increases from $1,000 to $1,250 over a period of one year and your income rises from $6,000 to $7,000, show in percentage terms what has happened to your real and nominal incomes.  

Suppose the country Inflatistan had a nominal GDP of $48 billion in 2007 and a nominal GDP of $114 billion in 2013. If the price level was 100 in 2007 and 190 in 2013, what was the real GDP in 2013 (using 2007 dollars)?

If your rent increases from $1,000 to $1,250 over a period of one year and your income rises from $6,000 to $7,000, show in percentage terms what has happened to your real and nominal incomes.  

How are changes in opportunity cost related to decision-making behavior?