If a country's population grows at the same rate as its real GDP, then real per capita GDP:
a. grows at an increasing rate.
b. grows at a constant rate.
c. doesn't change.
d. decreases at a decreasing rate.
e. decreases at a constant rate.
c
Economics
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If the marginal propensity is 0.75, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of
A) $40.00 B) $100.00 C) $133.33 D) $400.00 E) $500.00
Economics
Suppose the production function for T-shirts can be represented as q = L0.25 K0.75. When K = 1 and q = 2, what is the slope of the isoquant? If there is insufficient information to answer the question, describe what information is needed
What will be an ideal response?
Economics