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Author Question: Which of the following distinguishes industrially advanced countries from less-developed countries? ... (Read 120 times)

laurencescou

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on: Jun 30, 2018
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.


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nekcihc358

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

d

Answer to Question 2

a


laurencescou

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Reply 2 on: Jun 30, 2018
:D TYSM

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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