Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ growth rate of output
A) leads to a higher
B) leads to a lower
C) has no long-run effect on the
D) has an ambiguous effect on the
A
Economics
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Based on the information in Scenario 1, real GDP in 2016 (in 2015 dollars) in this economy was
A) $830. B) $1,025. C) $1,090. D) $1,345.
Economics
It is not true of profits that they
A. are what remains from the selling price after factors have been paid. B. accrue to entrepreneurs. C. account for a relatively small portion of national income. D. account for about as much national income as wages and salaries.
Economics