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.
Hong Kong is a strange situation. A British colony since 1842, it was handed back to China in 1997 a
By how many times will the population of bacteria have increased after 6 h?
Human population growth, 1700 - present
The population of Asia increases rapidly, the demand for food and water is also growing
As the world’s population continues to grow, demands on limited resources for food production
Students working around a computer