Author Question: Economic growth occurs when there is A) lower taxes on individuals. B) growth in government ... (Read 148 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
Economic growth occurs when there is
 
  A) lower taxes on individuals.
  B) growth in government spending.
  C) growth in technology that increases productivity.
  D) more environmental regulation.

Question 2

The implied growth rate for a country between 1960 and 2010 is 6. This implies that:
 
  A) the country needed to grow at an average rate of 6 per year between 1960 and 2010 to reach the 2010 level of GDP starting with the 1960 level.
  B) the country needed to grow by at least 6 in any of the fifty years between 1960 to 2010 to reach the level of GDP in 2010 starting with the 1960 level.
  C) the growth rate of GDP in the country was above 6 between 1960 to 1990 and above 6 between 1991 and 2010.
  D) the country needed to grow at rates above 6 per year between 1960 and 2010 to reach the 2010 level of GDP starting from the 1960 level.



jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

For a complete list of videos, visit our video library