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Author Question: After WWI, what was the difference between the British and the French in terms of currency values? ... (Read 99 times)

LaDunn

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on: Jun 30, 2018
After WWI, what was the difference between the British and the French in terms of currency values?
 
  A) The French devalued the franc from prewar levels; the British did not.
  B) The British devalued the pound from prewar levels; the French did not.
  C) The French depreciated the franc from prewar levels; the British did not.
  D) The British depreciated the pound from prewar levels; the French did not.

Question 2

How can an increase in human capital lead to an increase in GDP? Why might it not lead to an increase in GDP?
 
  What will be an ideal response?


tennis14576

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

A

Answer to Question 2

Labor is more productive as human capital increases. Population growth can be expected to eventually fall as human capital increases. It might not lead to an increase in GDP if there is not sufficient job growth, or increased education is not directed at productive activities.


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LaDunn

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Reply #2 on: Jun 30, 2018
Thank you :)


tennis14576

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Reply #3 on: Jun 30, 2018
Happy to help you


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