Refer to the table. Which of the following might reduce the per capita income gap between countries A and E?
A. Faster population growth in country A than in country E.
B. Greater investment relative to GDP in country E than in country A.
C. More rapid improvement in literacy and education in country A than in country E.
D. Increased capital flight from country A relative to that from country E.
C. More rapid improvement in literacy and education in country A than in country E.
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The key idea of the aggregate expenditure model is that in any particular year, the level of GDP is determined mainly by
a. investment spending. b. export spending. c. government spending. d. the level of aggregate expenditure.
Which of the following concerns were raised as a result of record low interest rates in 2012?
A) high perceived risk of default B) high interest rate risk C) corporations facing a lack of demand for bonds D) high risk premiums on investment-grade corporate bonds
The earnings of most people
A) increase steadily until retirement. B) increase with age until around age 50 due to increased experience, training, and hours worked. C) increase with age until around age 40 due to increased experience and hours worked. D) increase with age until around age 60 due to increased experience, training, and hours worked, then level off as hours worked levels off.
You could borrow $2,000 today from Bank A and repay the loan, with interest, by paying Bank A $2,154 one year from today. Or, you could borrow X dollars today from Bank B and repay the loan, with interest, by paying Bank B $2,477.10 one year from today. In order for the same interest rate to apply to the two loans, X =
a. $2,300.00. b. $2,450.00. c. $2,500.00. d. $2,525.50.