Suppose there is an increase in the saving rate. This increase in the saving rate must cause an increase in consumption per capita in the long run when
A) capital per worker approaches the golden-rule level of capital per worker.
B) the saving is used for education rather than physical capital.
C) the rate of saving exceeds the rate of depreciation.
D) there is no technological progress.
E) technological progress depends on human capital.
A
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The table gives data on the production and prices in a small economy. Use 2012 as the base period. Using the chained-price method, what is the growth rate of real GDP from 2012 to 2013?
What will be an ideal response?
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a. the amount of goods and services exported by the nation. b. the amount of goods and services imported by the nation. c. total expenditures by the nation's government d. the size of the nation's economy.
Which of the following groups is most highly unionized?
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