When looking at economic growth in a country, the distribution of output and income
A) is shared equally.
B) is skewed toward the lowest quintile of the population.
C) generally follows predictable patterns.
D) is not taken into consideration.
Question 2
The implication of Say's law is that
A) a barter economy is the most efficient economy.
B) increased consumption today leads to increased production tomorrow.
C) overproduction in a market economy is not possible.
D) Gross Domestic Product is the same whether we use the expenditure approach or the income approach.
The secular trend in growth as measured in Swedish (a) girls and (b) boys between 1883 and 1968.
The Great Spike in World Population Growth
The Economic Way of Thinking
This table shows the growth of a crowd at a rally over a 3 h period.
economic question
economic question