In Figure 20.2, the increase in Real GDP is unlikely to 
A. occur in developed economies.
B. result from a better-educated workforce.
C. occur repeatedly in the future.
D. result from capital accumulation.
Answer: C
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Assume that in the economy real GDP grows at a constant rate. There has just been a decrease in the rate of growth of the population. This implies that the
A) rate of growth of per capita real GDP will decrease. B) rate of growth of per capita real GDP will increase. C) rate of growth of capital accumulation will decrease. D) rate of growth of capital accumulation will increase.
The cash that a bank keeps in its vault is called its:
A. reserves. B. deposits. C. loans. D. savings.
An unexpected decrease in aggregate demand results in an increase in real interest rates in the short run
a. True b. False Indicate whether the statement is true or false
When the money market is drawn with the value of money on the vertical axis, an increase in the money supply creates an excess
a. supply of money, causing people to spend more. b. supply of money, causing people to spend less. c. demand for money, causing people to spend more. d. demand for money, causing people to spend less.