The Malthusian model performs poorly in explaining economic growth after the
A) French Revolution.
B) American Revolution.
C) Industrial Revolution.
D) Bio-technology Revolution.
Question 2
Suppose we have the following information about a shoe manufacturer: wages 100,000, sales 500,000, taxes 50,000, loan interest 10,000, leather purchases 170,000, rubber purchases 130,000.
What is the contribution of this manufacturer to GDP using the income approach? A) 500,000.
B) 300,000.
C) 200,000.
D) 40,000.