An increase in the stock of capital contributes to economic growth because it increases
A) federal funds rates.
B) labor productivity.
C) tax revenues.
D) the reserves of the banking system.
Question 2
According to your textbook authors, what explains the dramatic decline in the U.S. poverty rate since the 1960s?
A) The power of labor unions
B) Steady economic growth
C) Increases in the minimum wage
D) The growth of in-kind government transfers
E) The growth of government welfare assistance paid in money
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Early growth of corn (Zea mays), a typical monocot.