In the Solow growth model, given the values of A, s, n, and d, the economy has an equilibrium growth rate of real GDP per capita, (Y/N), equal to
A) n.
B) n - d.
C) s - n.
D) (s - d)/n.
E) zero.
E
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An economy recovering from a recession
A) moves up from its trough to a period of expansion. B) moves up from its peak to a period of expansion. C) moves down from its trough to a period of depression. D) moves down from its peak to a period of expansion.
When XYZ Corporation produces 35 units of output its average variable cost is $5 . The marginal cost of the 36th unit of output is $7 . If the firm chooses to produce the 36th unit of output, what will happen to average variable cost? Explain
What will be an ideal response?
Which of the following is the chief link between the U.S. federal budget deficit and the U.S. trade deficit during the 1980s?
a. High U.S. interest rates led to a rise in the relative value of the dollar b. High U.S. interest rates led to a decrease in the relative value of the dollar. c. Higher interest rates resulted in the crowding out of some private investment, reducing the stimulating effect of the government's deficit. d. The U.S. price level declined relative to that of foreign countries, causing U.S. interest rates to fall. e. The additional fiscal stimulus provided by a higher government deficit encouraged some firms to invest more.
The BRAC anti-poverty program in Bangladesh gave poor families training on how to raise livestock, a savings account, and help with their physical and mental health. These policies can potentially improve economic growth by increasing a. education, savings, and human capital, respectively. b. physical capital, savings, and natural resources, respectively
c. property rights, research and development, and human capital, respectively. d. education, research and development, and natural resources, respectively.