On average, since 1900 U.S. output has grown roughly ________ times faster than population growth.
A. 3
B. 4
C. 2
D. 5
Answer: A
You might also like to view...
It has been said that “economics is the science of common sense.” Is economics synonymous with common sense?
What will be an ideal response?
The difference in economic growth in North Korea and South Korea can be primarily attributed to differences in ________
A) the proximate causes of prosperity B) geography C) culture D) institutions
Suppose that the share of population employed in Country B is 50 percent, and that Countries B and C have the same real GDP per capita. Based on the information in the table, what share of Country C's population must be employed? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. 5.0 percent B. 20.0 percent C. 50.0 percent D. 40.0 percent
The market mix of output and the optimal mix of output are always the same.
Answer the following statement true (T) or false (F)