Author Question: The new growth theory asserts that A) eventually people earn only a subsistence living. B) a ... (Read 80 times)

stephzh · **on:** Jun 29, 2018

The new growth theory asserts that

A) eventually people earn only a subsistence living.
B) a discovery can be used by only one person, the discoverer.
C) technology improves slowly while population grows rapidly.
D) production processes can be replicated at many different firms in the economy.
E) the population growth rate will increase when real GDP per person increases.

Question 2

During the last year, foreign investment in a country was 500 billion and the country's investment abroad was 600 billion. Which of the following statements is true?

A) The country has a current account deficit of 1,100 billion.
B) The country has net borrowing of 100 billion.
C) The country has a current account deficit of 100 billion.
D) The country has a capital and financial account deficit of 1,100 billion.
E) The country has net lending of 100 billion.