Why India Cannot Sustain High Economic Growth, by Kunal ...

[chandani]

Why India Cannot Sustain High Economic Growth, by Kunal KumarKundu
 
  In his article about India's prospects for growth, the author notes that Per capita availability of food grain is falling as population is growing faster than food grain production. Deplorable rural infrastructure leads to India wasting an amount of food grain... . India's agriculture is still so very highly monsoon dependent...
   www.rediff.com 5/29/2008
  This view of India's economic growth is best reflected in the ________.
  A) classical growth theory.
  B) new growth theory.
  C) neoclassical growth theory.
  D) aggregate production theory.

Question 2

ABC news in Australia reported that the average annual wage in 2008 was 13,308. To calculate the real wage rate in Australia, you would need to know
 
  A) Australia's inflation rate between 2007 and 2008.
  B) Australia's price level in 2008.
  C) the core inflation rate in Australia in 2008.
  D) the exchange rate between the U.S. dollar and the Australian dollar.

[Cheesycrackers]

Answer to Question 1

A

Answer to Question 2

B