If average incomes of a nation don't rise over time:
A. it will have no impact on the nation's ability to improve health.
B. improvements in health are still very likely.
C. improvements in health are impossible.
D. improvements in health are still possible.
Answer: D
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When the U.S. government runs a budget deficit, its primary way of covering that deficit is
A) printing money. B) defaulting on its payments. C) selling stock. D) issuing bonds.
If the fluctuations in the economy’s real growth rate from year to year are caused primarily by variations in the rate at which aggregate supply increases, then data would show
A. a cyclical relationship between inflation and unemployment. B. a direct relationship between inflation and unemployment. C. an inverse relationship between inflation and unemployment. D. no relationship between inflation and unemployment.
Consumer spending ________ and investment spending ________
A) follows a smooth trend; is the most stable component of aggregate expenditure B) is very volatile and subject to fluctuations; follows a smooth trend C) follows a smooth trend; is more volatile and subject to fluctuations D) is very erratic; is also erratic, but less erratic than consumer spending
U.S. export spending is not affected by U.S. real income but is influenced by the economic activity of its major trading partners and the exchange rate, hence export spending is taken as autonomous
Indicate whether the statement is true or false