All of the following will cause the reported growth rate in a country to change EXCEPT
A. changes in productivity.
B. population changes.
C. changes in the number of poor people in the country.
D. a shift of the production possibilities curve.
Answer: C
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
Suppose that in a given country in a given year, GNP equals $2,000, investment expenditures equal $200, government expenditures equal $150, and the current account surplus equals $50. Consumption expenditures therefore equal
A) $1,000. B) $1,200. C) $1,400. D) $1,600.
We may not be able to fully remove risk by diversification if:
A) a completely risk-free asset does not exist. B) the asset returns in our portfolio are positively correlated. C) buying stock on margin is not allowed by financial regulators. D) none of the above
The substitution bias refers to:
A. the failure of the Lespeyres index to capture a consumer's tendency to purchase the same bundle of goods as prices change. B. the substitution effect is positive for a price increase. C. the substitution effect is negative for an inferior good. D. the failure of the Lespeyres index to capture a consumer's tendency to substitute away from goods that have become more expensive.