Author Question: Why do very small differences in annual growth rates amount to big differences in the degree of ... (Read 91 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
Why do very small differences in annual growth rates amount to big differences in the degree of long-term economic growth?
 
  A) because the slower-growing countries save too much
  B) because the annual growth rate is compounded over time
  C) because the faster-growing countries gain a political advantage over poorer countries, and use that advantage for their economic gain
  D) because the slower-growing countries don't export enough

Question 2

In the classical model, an increase in aggregate demand will cause
 
  A) an increase in actual output, or Gross Domestic Product (GDP).
  B) a decrease in actual output, or Gross Domestic Product (GDP).
  C) a decrease in price level.
  D) an increase in price level.



amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

For a complete list of videos, visit our video library