Which of the following can explain faster growth of real GDP in country A than in Country B?
a. both greater population growth and greater productivity growth in Country A
b. greater population growth in Country A, but not greater productivity growth in Country A
c. greater productivity growth in Country A, but not greater population growth in Country A
d. neither greater population growth nor greater productivity growth in Country A
a
You might also like to view...
Which monetary policy rule needs a stable demand for money to work well?
A) inflation targeting rule B) nominal GDP targeting rule C) k-percent rule D) discretionary monetary policy E) monetary base instrument rule
If fixed cost is $200,000 and variable cost is $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:
a. $20. b. $30. c. $50. d. $70.
The economic development strategy aimed at exporting domestically manufactured goods is called a(n):
a. replacement strategy. b. market-oriented strategy. c. inward-oriented strategy. d. outward-oriented strategy. e. future-oriented strategy.
The marginal tax rate can be calculated by which of the following formulas?
A) the change in taxes due divided by the change in taxable income B) the change in taxable income divided by the change in taxes due C) total taxes due divided by total taxable income D) total taxable income divided by total taxes due