Author Question: Suppose the growth in GDP per hour resulting from physical capital in an economy is 1 and the growth ... (Read 35 times)

panfilo

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Suppose the growth in GDP per hour resulting from physical capital in an economy is 1 and the growth resulting from human capital is 2. If the annual growth rate of GDP per hour is 5, the growth resulting from technology equals:
 
  A) 4. B) 3. C) 2. D) 1.

Question 2

The transactions demand for money exists because households
 
  A) do not like the fact that money is a liquid asset.
  B) must save for unexpected emergencies.
  C) are insensitive to interest rate changes.
  D) do not receive their incomes at the same time they wish to make purchases.


sultana.d

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Answer to Question 1

C

Answer to Question 2

D



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