A nation's real GDP per capita is the ratio of real GDP to population

A credit market instrument that provides the borrower with an amount of funds that must be repaid at the maturity date along with an interest payment is known as a

A) simple loan. B) fixed-payment loan. C) coupon bond. D) discount bond.

Schumpeter asserts all of the following except

(a) A strong middle class fosters growth in society's entrepreneurial base. (b) Entrepreneurs are the leading force behind technological advancement. (c) Invention and innovation are unnecessary in a growing economy. (d) Secured property rights encourage risk-taking entrepreneurial behaviors.