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Author Question: American economic history actually is a study of (a) stable population growth. (b) how colonial ... (Read 155 times)

mwit1967

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on: Jun 30, 2018
American economic history actually is a study of
 
  (a) stable population growth.
  (b) how colonial Americans worked side-by-side with the natives to produce
  stable economic growth and wealth for all individuals.
  (c) how a small, inconsequential economy grew into a giant economy
  through a series of successes and failures.
  (d) how people in other countries created problems for colonial Americans
  of the past as well as U.S. citizens of today.

Question 2

If output per worker in a steady state is 30,000, depreciation is 13, the population growth rate is two percent, and the saving rate is 20, what is the steady state capital-labor ratio?
 
  A) 10,500
  B) 85,714
  C) 22,500
  D) 40,000


duke02

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

(c)

Answer to Question 2

D


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