Suppose in a country, the working-age population doubles due to immigration. However, the country neglects investment in research and development and hence the country's level of technology is stagnant.
Which of the following statements will be true of this economy?
A) The economy will experience steady economic growth.
B) The savings rate will remain stagnant over the years.
C) The economy's output will rise at an increasing rate over time.
D) The economy cannot achieve a sustained growth.
Question 2
Refer to the above figure. The marginal propensity to consume and the marginal propensity to save
A) are 0.75 and 0.25, respectively. B) depend on the level of income.
C) are 0.90 and 0.10, respectively. D) are 0.83 and 0.17, respectively.
Interaction web of factors that might influence locust population size.
a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ...
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Stressing that education reproduces a country’s social class system, conflict theorists point out ...
Steady State in the Two-Country Model