Because of the Power of Compounding, Output Per Hour Has

question 138

Multiple Choice

Because of the power of compounding, output per hour has jumped more than _____ since 1870.

• A) 500 percent
• B) 1000 percent
• C) 2000 percent
• D) 2500 percent
• E) 3000 percent

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Definitions:

Imports

Goods and services bought by a country from another country.

Trade Deficit

The amount by which the value of a nation’s imports exceed the value of its exports.

International Payments

Transactions between countries involving the transfer of money and payments for goods and services across borders.

Merchandise Exports

Goods produced domestically and sold to buyers in another country.