Which of the following can explain faster growth of real GDP in country A than in Country B?
a. both greater population growth and greater productivity growth in Country A
b. greater population growth in Country A, but not greater productivity growth in Country A
c. greater productivity growth in Country A, but not greater population growth in Country A
d. neither greater population growth nor greater productivity growth in Country A
a
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Refer to Figure 9.3. If the government establishes a price ceiling of $1.00, the resulting deadweight loss will be
A) $1.50. B) $200. C) $150. D) $300. E) $600.
Statistical discrimination refers to:
A. the crowding of women or minorities into low-paying occupations. B. significant differences in average levels of earnings by gender, race, and ethnicity, after accounting for nondiscriminatory factors. C. making individual hiring decisions on the basis of the characteristics of the group to which a person belongs, rather than on his or her personal characteristics and productivity. D. the 50-percent unexplained residual in studies that try to account for wage differences by gender, race, and ethnic origin.