Growth in real GDP per capita has:
A. been more rapid since the mid-nineteenth century than ever before.
B. slowed since the mid-nineteenth century compared to before.
C. increased over the last 150 years only in the United States and Canada.
D. been steady over the course of human history.
Answer: A
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In 2007, the interest rate banks in France charge each other for loans was 4.86 percent. The inflation rate in France in 2007 was 2.8 percent. The real interest rate in France is
A) 7.62 percent B) 2.06 percent. C) 0.58 percent. D) 13.6 percent.
According to Edward Denison's estimates, the largest proportion of economic growth during the 1929-82 period was
a. growth in the labor input. b. growth in output per unit of input. c. growth in the capital input. d. economies of scale. e. education.
Supply-side economics is based on the theory that:
a. budget deficits will stimulate demand, output, and employment. b. budget deficits will lead to higher interest rates, which will weaken their expansionary impact. c. higher tax rates will increase tax revenues. d. increases in aggregate supply lower the price level.
In the macroeconomic short run
What will be an ideal response?