Author Question: Which of the following do not contribute to long-term economic growth? a. substantial increases in ... (Read 110 times)

deesands · **on:** Jun 30, 2018

Which of the following do not contribute to long-term economic growth?
a. substantial increases in the money supply
b. increased productivity
c. savings and investment
d. new production technologies

Question 2

Which of the following is true?
a. The Rule of 70 says that the number of years necessary for a nation to double its output is approximately equal to the nation's growth rate divided by 70.
b. Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita.
c. An increase in labor input necessarily increases output per capita.
d. Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base.