Movement of the fast-growing Asian nations through the demographic transition may have had an impact on growth rates because it
A) reduced expenditures on health care.
B) reduced expenditures on pensions.
C) increased savings.
D) increased consumption relative to GDP.
C
You might also like to view...
Which of the following is the main cause of the persistent inflation that we have experienced in the United States?
A) supply-side inflationary factors B) demand-side inflationary factors C) a combination of supply- and demand-side inflationary factors D) supply-side secularity factors
Demand-pull inflation happens during periods of full employment in the business cycle when demand for goods and services is growing faster than supply
a. True b. False Indicate whether the statement is true or false
Look at the following data: consumption = $915 billion; exports = $40 billion; imports = $33 billion; inventory investment = $123 billion; fixed investment = $500 billion; government purchases = $300 billion. GDP is equal to
A) $1,632 billion. B) $1,466 billion. C) $1,911 billion. D) $1,845 billion. E) none of the above
When colonists in Virginia used tobacco as money, their money
a. was commodity money. b. had no intrinsic value. c. was fiat money. d. had no store of value.