Author Question: Suppose in a country, the working-age population doubles due to immigration. However, the country ... (Read 79 times)

abc

  • Hero Member
  • *****
  • Posts: 543
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

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

juliaf

  • Sr. Member
  • ****
  • Posts: 344

 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

For a complete list of videos, visit our video library