The poorest countries in Africa have some of the highest growth rates, thus proving the convergence hypothesis.
Answer the following statement true (T) or false (F)
False
Economics
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Refer to Table 11.1. What is the value of GDP?
A) $7,450. B) $7,250. C) $7,150. D) $7,350.
Economics
False advertising ________ likely to be successful with a plush stuffed toy sold at retail stores because the stuffed toys are a(n) ________ good.
A) is; credence B) is; inspection C) is not; inspection D) is not; credence
Economics
Velocity is commonly calculated by which of the following formulas?
a. (Value of money stock)/(Value of nominal GDP) b. (Value of transactions)/(money stock) c. (Value of financial transactions)/(GDP) d. (Value of output)/(Value of input)
Economics
If the size of a tax doubles, the deadweight loss doubles
a. True b. False Indicate whether the statement is true or false
Economics