The growth rate of real GDP per worker results from
A) convergence to the steady state and steady-state growth.
B) growth from total factor productivity minus depreciation.
C) growth from labor productivity and growth from the labor force.
D) growth from investment and growth from break-even investment.
A
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A key aspect of East Asian development policies was
a. lack of government intervention in company affairs b. government ownership of most companies c. government planning d. government incentives for particular companies e. none of the above
In the early 1970s, the U.S. ran large balance of payments ________, causing an ________ dollar and an ________ German mark
A) deficits; undervalued; overvalued B) deficits; overvalued; undervalued C) surpluses; undervalued; overvalued D) surpluses; overvalued; undervalued