Growth of real per capita income and China has largely resulted from:
A. increased use of technology and improved technology.
B. population decline.
C. reduced unemployment rates.
D. its trade deficit with the United States.
Ans: A. increased use of technology and improved technology.
You might also like to view...
Which of the following about corporations is TRUE?
A) The cost of capital and labor is high relative to that paid by a proprietorship. B) Profits are taxed only once as the owners' income. C) The owners' entire wealth is at risk. D) Corporations' profits are taxed independently of their owners' incomes.
The aggregate demand curve is downward-sloping because, other things being equal,
A. People buy more goods and services at higher average prices. B. People buy fewer goods and services at lower average incomes. C. A higher average price level will induce producers to offer more output than otherwise. D. People buy more goods and services at lower average prices.