This topic contains a solution. Click here to go to the answer

Author Question: Which of the following distinguishes industrially advanced countries from less-developed countries? ... (Read 121 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
Which of the following distinguishes industrially advanced countries from less-developed countries?
 a. GDP per capita.
  b. Educational attainment of the workforce.
  c. Extent to which capital is technologically advanced.
  d. All of the above.

Question 2

Using the aggregate expenditure-output model, assume the aggregate expenditures (AE) line is above the 45-degree line at full-employment GDP. This vertical distance is called a(n):
 a. inflationary gap.
  b. recessionary gap.
  c. negative GDP gap.
  d. marginal propensity to consume gap.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nekcihc358

  • Sr. Member
  • ****
  • Posts: 327
Answer to Question 1

d

Answer to Question 2

a




laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

For a complete list of videos, visit our video library