This topic contains a solution. Click here to go to the answer

Author Question: Which of the following distinguishes industrially advanced countries from less-developed countries? ... (Read 101 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
Which of the following distinguishes industrially advanced countries from less-developed countries?
 a. GDP per capita.
  b. Educational attainment of the workforce.
  c. Extent to which capital is technologically advanced.
  d. All of the above.

Question 2

Using the aggregate expenditure-output model, assume the aggregate expenditures (AE) line is above the 45-degree line at full-employment GDP. This vertical distance is called a(n):
 a. inflationary gap.
  b. recessionary gap.
  c. negative GDP gap.
  d. marginal propensity to consume gap.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nekcihc358

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

d

Answer to Question 2

a




laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 30, 2018
:D TYSM


LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

For a complete list of videos, visit our video library