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Author Question: A constant rate of U.S. economic growth over a given period of years would involve A) adding the ... (Read 104 times)

Haya94

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on: Jun 30, 2018
A constant rate of U.S. economic growth over a given period of years would involve
 
  A) adding the same amount of real dollars to real GDP per capita each year.
  B) compounding the percentage increase in real GDP per capita over the years.
  C) adding the same amount of nominal dollars to real GDP per capita each year.
  D) None of the above are correct.

Question 2

The curve in the above figure will shift to the right when
 
  A) the price level falls.
  B) the proportion of the population that is elderly increases.
  C) population falls.
  D) technology increases.


stanleka1

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

B

Answer to Question 2

D


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