Which of the following does not hinder economic development?
a. Low birth rates.
b. Low GDP that limits saving and investment.
c. Lack of knowledge.
d. Lack of technology.
e. Lack of physical capital.
a
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Suppose U.S. net exports are -$400 billion and the U.S. government sector surplus is $200 billion. Then in the private sector, saving minus investment equals
A) -$600 billion. B) -$200 billion. C) +$600 billion. D) +$200 billion.
Panel data is also called
A) longitudinal data. B) cross-sectional data. C) time series data. D) experimental data.
If a dollar buys less coffee in the U.S. than in Kenya, then
a. the real exchange rate is greater than 1; a profit might be made by buying coffee in Kenya and selling it in the U.S. b. the real exchange rate is greater than 1; a profit might be made by buying coffee in the U.S. and selling it in Kenya. c. the real exchange rate is less than 1; a profit might be made by buying coffee in Kenya and selling it in the U.S. d. the real exchange rate is less than 1; a profit might be made by buying coffee in the U.S. and selling it in Kenya.
In 2007, investment in France increased by 7 billion euros. Which of following occurs?
I. an upward shift in the AE curve. II. a leftward shift in the AD curve. III. an increase in the price level and real GDP in the short run. IV. an increase in the price level and no change in real GDP in the long run. A) I, II, III and IV. B) I and III only. C) I, III and IV only. D) III and iv only.