According to UNESCO reporting, "Governments in North America and Western Europe invested the highest shares of national resources in education: 5.6 percent of GDP." As a result, we would expect ________, all else held constant. www.worldometer
info A) higher economic growth rates in these countries compared to other countries
B) lower economic growth rates in the countries because fewer resources can be devoted to innovation
C) lower research and development spending and lower economic growth unless the governments can raise taxes
D) lower saving rates and slower economic growth
A
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The coupon rate on newly issued bonds is usually ________ for bonds with favorable tax treatment, such as municipal bonds, and ________ for bonds that are very risky, such as junk bonds.
A. lower; lower B. lower; higher C. higher; lower D. higher; higher
One economic advantage of a large share of exports in GDP is that countries
A) can reduce their budget deficits. B) can purchase the imports they need. C) can maintain lower rates of unemployment. D) will have greater equality in their incomes. E) develop more labor-intensive industry.
An increase in a family's income will cause its budget line to
a. become steeper. b. become flatter (less steep). c. move closer to the origin. d. move away from the origin. e. become more convex toward the origin.
The price index was 170 in the first year, 180 in the second year, and 195 in the third year. The inflation rate was about
a. 5.6 percent between the first and second years, and 7.7 percent between the second and third years. b. 5.9 percent between the first and second years, and 8.3 percent between the second and third years. c. 10 percent between the first and second years, and 15 percent between the second and third years. d. 80 percent between the first and second years, and 95 percent between the second and third years.