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Author Question: Suppose in a country, the working-age population doubles due to immigration. However, the country ... (Read 82 times)

abc

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on: Jun 30, 2018
Suppose in a country, the working-age population doubles due to immigration. However, the country neglects investment in research and development and hence the country's level of technology is stagnant.
 
  Which of the following statements will be true of this economy?
  A) The economy will experience steady economic growth.
  B) The savings rate will remain stagnant over the years.
  C) The economy's output will rise at an increasing rate over time.
  D) The economy cannot achieve a sustained growth.

Question 2

Refer to the above figure. The marginal propensity to consume and the marginal propensity to save
 
  A) are 0.75 and 0.25, respectively. B) depend on the level of income.
  C) are 0.90 and 0.10, respectively. D) are 0.83 and 0.17, respectively.


juliaf

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

D

Answer to Question 2

D


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abc

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Reply #2 on: Jun 30, 2018
Correct answers!


juliaf

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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