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For example, with an annual growth rate of 4.8% the doubling time is 14.78 years, and a doubling time of 10 years corresponds to a growth rate between 7% and 7.5% (actually about 7.18%). When applied to the constant growth in consumption of a resource, the total amount consumed in one doubling period equals the total amount consumed in all ...
Jaromir Benes and Michael Kumhof of the IMF Research Department, argue that: the "deposit multiplier" of the undergraduate economics textbook, where monetary aggregates are created at the initiative of the central bank, through an initial injection of high-powered money into the banking system that gets multiplied through bank lending, turns ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Based on this, the UN projected that the world population, 8 billion as of 2023, would peak around the year 2086 at about 10.4 billion, and then start a slow decline, assuming a continuing decrease in the global average fertility rate from 2.5 births per woman during the 2015–2020 period to 1.8 by the year 2100 (the medium-variant projection).
AD 69 – In the Second Battle of Bedriacum, troops loyal to Vespasian defeat those of Emperor Vitellius. [1]1260 – Chartres Cathedral is dedicated in the presence of King Louis IX of France.
Kamala's father, Donald J. Harris (1938–), [6] is an Afro-Jamaican who immigrated to the United States in 1961 and also enrolled in UC Berkeley, specializing in development economics. The first Black scholar to be granted tenure at Stanford University's economics department, he has emeritus status there. [7]
Elba is the largest remaining stretch of land from the ancient tract that once connected the Italian peninsula to Corsica. [citation needed] The northern coast faces the Ligurian Sea, the eastern coast the Piombino Channel, the southern coast the Tyrrhenian Sea, and the Corsica Channel divides the western tip of the island from neighbouring Corsica.
Matthew 10 is the tenth chapter in the Gospel of Matthew in the New Testament section of the Christian Bible.This chapter opens with Jesus calling some of his disciples and sending them out to preach and heal.