Beginning in 4 years, a new Booster Club at a certain high school would like to award an outstanding senior on the varsity soccer team with a check of $1,000 towards the student's college tuition. Since there is a boy and girl team, they wish to award one senior boy and one senior girl the same amount of money. Thus, the club will need $2,000 at the end of 4 years. How much must the booster club invest each semiannual period in an account that pays 3% per year compounded semiannually to have the desired fund

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.