Under modern economic growth, the annual average increase in output per person is
A.
Often not large, perhaps 2% per year
B.
Often large, perhaps greater than 5% per year
C.
Often small, perhaps less than 1% per year
D.
Often the same in rich countries as in poor countries
A.
Often not large, perhaps 2% per year
Economics
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Which of the following is an advantage of starting a new business as a corporation?
A) ease in setting up B) low expenses of legally organizing C) double taxation D) greater ability to raise funds
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In the short run, ________ determines output, and in the long run ________ determines output.
A. total spending; potential output B. potential output; total spending C. total spending; prices D. potential output; prices
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