Other things the same, higher population growth
a. raises the amount of physical capital per worker and there is some evidence that it raises the pace of technological progress.
b. raises the amount of physical capital per worker, but there is some evidence that it reduces the pace of technological progress.
c. reduces the amount of physical capital per worker, but there is some evidence that it raises the pace of technological progress.
d. reduces the amount of physical capital per worker and there is some evidence that it reduces the pace of technological progress.
c
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When an American buys stock in a French company, from the perspective of the United States, this is a(n):
A. export. B. capital inflow. C. import. D. capital outflow.
Refer to Figure 7-5. If consumers paid the full price of medical services, the price they would pay is
A) $40. B) $55. C) $65. D) > $65.
An economic growth model
A) explains changes in nominal GDP per capita in the short run. B) explains changes in real GDP per capita in the short run. C) explains changes in real GDP per capita in the long run. D) explains changes in nominal GDP per capita in the long run.
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The GDP Price Index rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). b. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). c. The GDP Price Index falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). d. There is not enough information to determine what happens to these two macroeconomic variables. e. The GDP Price Index and net nonreserve-related international borrowing/lending remain the same.