Neoclassical growth theory predicts that China's economic growth rate will ________
A) decrease when the interest rate increases
B) continue at around 10 percent a year
C) always remain above the U.S. economic growth rate
D) eventually converge to the U.S. economic growth rate
D
Economics
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Mr. Smith earned a salary of $5,000 in in 1980 while his son earned a salary of $8,000 in 2010. If the price index for 1980 was 100 and that for 2010 was 198, whose salary was worth more? Explain your answer
What will be an ideal response?
Economics
The marginal social benefit is the sum of the benefit enjoyed by the consumer of an additional unit of a good or service plus the marginal benefit enjoyed by others
Indicate whether the statement is true or false
Economics