Assume that a country has had a relatively steady growth of aggregate real GDP. A higher population growth tends to
A) increase the level of economic freedom.
B) increase the level of dead capital.
C) increase the growth of per capita real GDP.
D) reduce the growth of per capita real GDP.
D
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An increase in government spending that is not financed by an increase in taxes will cause which of the following?
A) an increase in interest rates and an increase in planned investment B) an increase in interest rates and a reduction in planned investment C) a reduction in interest rates and an increase in planned investment D) a reduction in interest rates and a reduction in planned investment
The 45-degree line splitting the distance between the axes in a Lorenz Curve is the:
a. line of equal share of expenditure. b. line of equivalent income. c. line of income equality. d. line of average income. e. line of absolute inequality.