According to data on GDP growth between 1980 and 2009, which of the following statements is true?
What will be an ideal response?
Many poor nations grew more rapidly than wealthy nations, while others continued to stagnate.
You might also like to view...
A crucial national income accounting identity has (S + T) equal to
A) I + G - NX. B) I + G + F. C) I + NX. D) G + F. E) I + G + NX.
Technological advancement implies:
a. the increase in the quantity of inputs needed to produce a given quantity of output. b. the reduction in the quantity of inputs needed to produce a given quantity of output. c. the reduction in the productivity of a sector of the economy that has become obsolete. d. an increase in the labor to capital ratio in any production process. e. the growth in the natural resource endowment.
If labor supply increases, the wage rate increases
a. True b. False
Answer the next question on the basis of the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in billions.AssetsLiabilities & Net WorthReserves$51 Checkable Deposits$140Loans109 Stock Shares130Securities100 Property10?Refer to the above data. The commercial banking system has excess reserves of:
A. $9 billion. B. $5 billion. C. $7 billion. D. $6.1 billion.