The Soviet Union's economic growth rate slowed despite rapid increases in capital per hour worked
Indicate whether the statement is true or false
TRUE
Economics
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A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 120 million in 2013 and 125 million in 2014. What is its real GDP growth rate in 2014?
A. 15.0% B. 6.0% C. 5.7% D. 1.1%
Economics
Assume that taxes depend on income. The MPC is 0.8 and t is 0.4. If government purchases increase by $100 billion, the equilibrium level of output will increase by
A. $16.7 billion. B. $57.5 billion. C. $192.31 billion. D. $215.9 billion.
Economics