Author Question: Economic growth occurs when there is A) lower taxes on individuals. B) growth in government ... (Read 105 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
Economic growth occurs when there is
 
  A) lower taxes on individuals.
  B) growth in government spending.
  C) growth in technology that increases productivity.
  D) more environmental regulation.

Question 2

The implied growth rate for a country between 1960 and 2010 is 6. This implies that:
 
  A) the country needed to grow at an average rate of 6 per year between 1960 and 2010 to reach the 2010 level of GDP starting with the 1960 level.
  B) the country needed to grow by at least 6 in any of the fifty years between 1960 to 2010 to reach the level of GDP in 2010 starting with the 1960 level.
  C) the growth rate of GDP in the country was above 6 between 1960 to 1990 and above 6 between 1991 and 2010.
  D) the country needed to grow at rates above 6 per year between 1960 and 2010 to reach the 2010 level of GDP starting from the 1960 level.



jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

For a complete list of videos, visit our video library