This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What best explains why real GDP per person is always driven to the subsistence level in the ... (Read 16 times)

lak

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
What best explains why real GDP per person is always driven to the subsistence level in the classical model?
 
  A) Population growth occurs, increasing the supply of labor.
  B) Population growth occurs, shifting the labor supply curve leftward.
  C) Growth is not possible so the demand for labor never changes.
  D) Investment in capital decreases labor demand, decreasing the demand for labor.

Question 2

The Consumer Price Index is a measure of the average of the prices paid by ________ for a fixed basket of consumer goods and services.
 
  A) urban consumers
  B) all consumers
  C) urban wage earners and clerical workers
  D) consumers living in cities with a population greater than 100,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


lak

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Excellent

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care Assessing a person's spiritual and religious beliefs is an imiportant aspect of nursing care
The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ... The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ...
How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ... How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ...
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
The developed countries must reduce the level of greenhouse gas emissions The developed countries must reduce the level of greenhouse gas emissions
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library