According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in __________ make for large differences in _________ over several decades, assuming the same growth of population for each
country.
A. inflation rates; unemployment rates
B. unemployment rates; economic growth rates
C. economic growth rates; real GDP per capita
D. tax rates; real GDP per capita
C. economic growth rates; real GDP per capita
You might also like to view...
The marginal product of capital indicates ________. Therefore the MPK curve is also ________
A) the quantity of capital supplied for a given rental price; the equilibrium price of capital B) the quantity of capital demanded for a given rental price; the demand curve of capital C) the quantity of capital demanded for a given rental price; the equilibrium price of capital D) the quantity of capital supplied for a given rental price; the supply curve of capital E) none of the above
The aggregate demand curve slopes downward in part due to the:
A. negative relationship between the price level and net exports. B. positive relationship between the price level and exports. C. negative relationship between the price level and imports. D. All of these are true.
If the price elasticity of supply is 1.2, and price increased by 5%, quantity supplied would
a. increase by 4.2%. b. increase by 6%. c. decrease by 4.2%. d. decrease by 6%.
If merchandise exports exceed merchandise imports, the trade balance is in deficit
Indicate whether the statement is true or false