An increase in the saving rate would, other things the same,
a. increase growth more for a poor country than for a rich country, and raise growth permanently.
b. increase growth more for a poor country than for a rich country, but raise growth temporarily.
c. increase growth more for a rich country than for a poor country, and raise growth permanently.
d. increase growth more for a rich country than for a poor country, but raise growth temporarily.
b
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If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gross domestic product (GDP) was
A) 310 pounds of candy. B) $180. C) $1,100. D) $1,280.
The horizontal and vertical axes of the Lorenz curve respectively measure:
a. total income and total expenditure as cumulative percentages. b. total income and total population as cumulative percentages. c. total population and total expenditure as cumulative percentages. d. total expenditure and total income as cumulative percentages. e. total population and total income as cumulative percentages.