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Author Question: If the contribution from capital growth equals 2 percent and the contribution from labor growth ... (Read 152 times)

Mr3Hunna

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on: Jun 30, 2018
If the contribution from capital growth equals 2 percent and the contribution from labor growth equals 4 percent, then GDP ________.
 
  A) will grow by 6 percent
  B) will grow by 8 percent
  C) will grow by 2 percent
  D) will change by an unknown percentage

Question 2

The cyclical deficit is that portion of the deficit
 
  a. that results from the economy being below the natural rate of output.
  b. that would exist even if the economy were at its natural rate of output.
  c. is a function of the level of automatic stabilizers.
  d. both a and c.
  d. None of the above


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kingdude89

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


Mr3Hunna

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Reply #2 on: Jun 30, 2018
Correct answers!


kingdude89

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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