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Author Question: Which of the following theories predicts that there can be no sustained rise in real GDP per person ... (Read 39 times)

silviawilliams41

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on: Jun 29, 2018
Which of the following theories predicts that there can be no sustained rise in real GDP per person above the subsistence level?
  i. Classical growth theory
  ii. New growth theory
 
  A) i only
  B) ii only
  C) Neither i nor ii
  D) Both i and ii
  E) None of the above because whether the rise in real GDP per person is sustained or not depends on what created the rise.

Question 2

When disposable income increases from 9 trillion to 10 trillion, consumption expenditure increases from 6 trillion to 6.8 trillion. The MPC is
 
  A) 0.60. B) 6.8 trillion. C) 0.68. D) 1.00. E) 0.80.


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kiamars2010

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

E


silviawilliams41

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Reply #2 on: Jun 29, 2018
Thank you :)


kiamars2010

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Reply #3 on: Jun 29, 2018
Happy to help you


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