The growth rate of potential GDP is the sum of the growth rates of
A. labor force and population.
B. labor force and labor productivity.
C. labor force and capital stock.
D. labor productivity and capital stock.
Answer: B
You might also like to view...
To provide an incentive for villagers to repay loans, in the text Muhammad Yunus:
A. forced villagers to offer collateral for loans. B. made loans using group responsibility. C. threatened to call the borrower's mother. D. would increase interest rates by 1 percentage point after each late payment.
Chris received a consumer surplus of $50 when he purchased a watch for $100 . This implies he was willing to pay _____ for the watch
a. $215 b. $150 c. $100 d. $50
The average fixed costs of a firm equal
a. implicit costs divided by output. b. explicit costs divided by output. c. total cost minus variable cost. d. (total cost minus variable cost) divided by output.
If the cyclically adjusted budget shows a deficit of about $100 billion and the actual budget shows a deficit of about $150 billion, it can be concluded that there is:
A. an expansionary fiscal policy. B. a contractionary fiscal policy. C. built-in stability. D. a cyclical deficit.