Cuba spends the highest percentage of GDP (18.7 percent) on education while the United States is the 38th highest spender with 5.7 percent of GDP
If spending on education is important for economic growth, which of the following statements explain why Cuba's economic growth rate is lower than the U.S. economic growth rate? (data from United Nations Human Development Programme) A) Cuba trades with many more countries than does the United States.
B) Cuba doesn't offer property rights that promote innovation.
C) Cuba's population is smaller than the U.S. population.
D) all of the above explain why Cuba's economic growth rate is lower than the U.S. economic growth rate.
D
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According to the National Bureau of Economic Research, the "two most reliable comprehensive estimates of aggregate domestic production" are ________ when dating the beginning and ending of recessions
A) the level of employment and monthly payroll data B) industrial production and wholesale and retail sales C) gross domestic product and gross domestic income D) real manufacturing production and the natural rate of unemployment
In 2010, doubts were raised about the debt of all of the following countries EXCEPT
A) Ireland. B) Greece. C) Poland. D) Portugal.
The existence of heavy training costs would provide a rationale for
a. insider-outsider models. b. IS-LM models. c. sticky price models. d. modern efficiency wage models
Human capital is associated with
a. a doctor charging lower-income patients less b. a doctor paying rent for the office c. a doctor's stethoscope d. a doctor's knowledge of political events e. a doctor's skills in the operating room