If a nation remains poor over time, it could be that:
a. c and e.
b. d and e.
c. the population growth rate is at least as much as the national GDP growth rate.
d. the per capita real GDP growth rate is larger than the population growth rate.
e. the national real GDP growth rate is lower than the population growth rate.
a
You might also like to view...
Holding other factors constant, if the education and skills of the typical worker in an economy increases, then the real wages of workers will ________ and employment of workers will ________.
A. decrease; not change B. increase; increase C. decrease; increase D. increase; decrease
If workers and firms lower their inflation expectations
A) actual inflation will fall to match expected inflation. B) unemployment will rise. C) the short-run Phillips curve will be vertical. D) the short-run Phillips curve will shift downward.
In the wake of Henry Ford's payment of efficiency wages in 1914 ________
A) absenteeism and productivity fell B) absenteeism and productivity rose C) absenteeism rose and productivity fell D) absenteeism fell and productivity rose
Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for Good 2 to maximize revenues for good 1?
a. $4,500 b. $5,000 c. $1,500 d. $1,000