If a country increases its saving rate, which of the following permanently grow at a higher rate?
a. productivity and real GDP per person
b. productivity but not real GDP per person
c. real GDP per person but not productivity
d. neither real GDP per person nor productivity
d
Economics
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Utilitarians believe
a. that the government should choose just policies as evaluated by an impartial observer behind a "veil of ignorance.". b. in the assumption of diminishing marginal utility. c. that everyone in society should have equal utility. d. that the government should not redistribute income.
Economics
If we want to use a measure of inflation that foreshadows price changes before they affect prices at the retail level, we would base our measure of inflation on
A) the producer price index. B) the consumer price index. C) the GDP deflator. D) the household price index.
Economics