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Author Question: Traditionally, economists regarded improvements in technology as A) unrelated to economic growth ... (Read 85 times)

plus1

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on: Jun 30, 2018
Traditionally, economists regarded improvements in technology as
 
  A) unrelated to economic growth in any systematic way.
  B) the most important factor that helped explain economic growth, and basically the only factor that would cause economic growth.
  C) an important factor in explaining economic growth that was due to economic forces that also could easily be explained.
  D) an outside factor that helped explain economic growth.

Question 2

According to the above figure, at an income level of Y1,
 
  A) the economy saves an amount equal to BD.
  B) the economy dissaves an amount equal to BD.
  C) the average propensity to save is greater than one.
  D) the marginal propensity to save is falling.


bitingbit

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

D

Answer to Question 2

B


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