Which of the following would be likely to increase the doubling time for an economy's real GDP?
A. government policies improve the health of the population
B. the rate of population growth slows
C. an increase in the technology used for producing goods and services
D. better education increases the productivity of workers
Answer: B
You might also like to view...
Which of the following is TRUE?
A) Real and nominal values are not related. B) Real standards of living can increase without any positive economic growth. C) Real standards of living decrease with positive economic growth. D) Real growth rates fail to account for by price level changes.
Which of the following is an example of an external cost?
A) a grove of trees planted in a park in Seattle B) a library built in Philadelphia C) a new, faster computer chip D) an oil spill off the coast of South America E) a student graduating from college
Refer to the scenario above. Which investment option will a risk-seeking individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
A prominent aspect of the Great Depression of the 1930s, but not of the recent Great Recession, is ________
A) bank panics B) mortgage defaults C) an increase in the credit spread D) nonconventional monetary policy