The growth rate of which of the following is not a component of the growth accounting equation?
A) the capital stock
B) labor
C) depreciation
D) available technology
C
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In the past half century, the developing countries have experienced major compositional shifts from exports of primary products (including agricultural and raw materials) to exports of manufactures
How might you explain this in terms of broad historical developments during this period?
A large country imposes capital controls that prohibit foreign borrowing and lending by domestic residents. The country is currently running a financial account deficit. The imposition of the capital controls will cause
A) net exports to increase. B) real domestic interest rates to rise. C) real world interest rates to fall. D) desired national saving to fall.
If disposable income were to rise from $4,000 to $5,000
A. induced consumption would fall. B. induced consumption would stay the same. C. induced consumption would rise. D. there is not enough information to determine whether induced consumption would rise, fall or remain the same.
At its maximum during the Great Depression unemployment reached approximately ___ percent of the labor force?
a. 15 b. 25 c. 50 d. 75