Author Question: When looking at economic growth in a country, the distribution of output and income A) is shared ... (Read 58 times)

berenicecastro

  • Hero Member
  • *****
  • Posts: 581
When looking at economic growth in a country, the distribution of output and income
 
  A) is shared equally.
  B) is skewed toward the lowest quintile of the population.
  C) generally follows predictable patterns.
  D) is not taken into consideration.

Question 2

The implication of Say's law is that
 
  A) a barter economy is the most efficient economy.
  B) increased consumption today leads to increased production tomorrow.
  C) overproduction in a market economy is not possible.
  D) Gross Domestic Product is the same whether we use the expenditure approach or the income approach.



lkoler

  • Sr. Member
  • ****
  • Posts: 358
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

For a complete list of videos, visit our video library