The rate of growth in real GDP per person in the United States, Japan, Canada, Australia and the major European economies was highest during the period of:
A. 1870-2000
B. 1950-2000
C. 1973-1979
D. 1960-1973
Answer: D. 1960-1973
You might also like to view...
In the above figure, the efficient amount of output is ________ units
A) 25 B) 50 C) 75 D) 100
Consumers who will pay high prices to be among the first to own certain new products are called
A) gullible. B) naive consumers. C) savvy consumers. D) early adopters.
The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
a. 1.0 b. their minimum values c. their average values d. 0.0 e. none of the above
A country runs a deficit in its current account if:
a. ?it follows the double-entry bookkeeping requirement that total debits must equal total credits. b. ?foreign currency received from exports and transfers exceeds the foreign exchange needed to pay for imports and to make unilateral transfers. c. ?it consumes less goods and services compared to what it produces. d. ?foreign currency received from exports and transfers is less than the foreign exchange needed to pay for imports and to make unilateral transfers. e. ?the interest and dividends earned by its residents on foreign assets exceed the interest and dividends earned by foreigners who invest in domestic assets.