If an LDCs population growth rate is 3 percent per year, how much must the economic growth rate be just to maintain per capita income?
a. 0 percent
b. 3 percent
c. 1 percent
d. 6 percent
e. 2 percent
B
You might also like to view...
Use the following graph of total revenues to answer the question below. 
When the seller is earning maximum revenues from selling Product X, the demand is
A. inelastic. B. perfectly inelastic. C. elastic. D. unit-elastic.
The share of corporate tax in total federal revenues
A) has declined over the past few decades to a relatively low level. B) is larger than the other components of federal revenue. C) has grown significantly in each of the past 10 years. D) is the smallest of all the components of federal tax revenue.
In a market economy, supply and demand are important because they
a. play a critical role in the allocation of the economy's scarce resources. b. determine how much of each good gets produced. c. can be used to predict the impact on the economy of various events and policies. d. All of the above are correct.
The _____________ problem refers to the need to make choices because economic wants exceed economic means.
Fill in the blank(s) with the appropriate word(s).