When an economy experiences significant economic growth:
a. a negative relationship exists between output per capita and adult literacy rates.
b. an indirect relationship exists between output per capita and adult literacy rates.
c. a direct relationship exists between output per capita and adult literacy rates
d. no observed relationship exists between output per capita and adult literacy rates.
c. a direct relationship exists between output per capita and adult literacy rates
You might also like to view...
Any item can successfully serve as money
a. True b. False Indicate whether the statement is true or false
How do orange growers react to the news of medical research findings that suggest that eating oranges leads to greater health benefits than were previously known? a. They increase the supply of oranges
b. They increase the quantity of oranges supplied. c. They decrease the supply of oranges. d. They decrease the quantity of oranges supplied.
Critics of fixed exchange rates argue that fixed rates: a. reduce uncertainty in international trade
b. result in currency shortages just as wage and price controls lead to shortages in markets for goods and services. c. make nations less constrained in carrying out in internal macroeconomic policies. d. lead to constant, day-to-day changes in the exchange values of currencies.
Which of the following will most likely occur during the expansionary phase of a business cycle?
a. Real GDP declines, and the rate of unemployment increases. b. Real GDP declines, and the rate of inflation is unchanged. c. Real GDP increases, and rate of unemployment falls. d. Real GDP is unchanged, and the rate of inflation is unchanged.