The property of money that allows us to avoid finding a trading partner for all of our goods (bartering) is called the

Refer to Figure 22-5. Based on the "catch-up line" drawn above, poorer countries are more likely to be at a point like ________, where growth in GDP is relatively ________, while richer countries are more likely to be at a point like ________, w

growth in GDP is relatively ________. A) B; high; A; low B) B; low; A; high C) A; high; B; low D) A; low; B; high

It is generally true that per capita GNP is:

a. negatively correlated with labor productivity. b. positively correlated with the standard of living. c. negatively correlated with the life expectancy rate. d. uncorrelated with the literacy level. e. positively correlated with the rate of population growth.