The populations of the LDCs are growing
A. at about 5 percent per year.
B. at about the same rate as those of the industrially advanced nations.
C. slower than those of the industrially advanced nations.
D. faster than those of the industrially advanced nations.
D. faster than those of the industrially advanced nations.
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The real interest rate is
a. the premium that borrowers must pay in order to acquire more purchasing power. b. the reward lenders receive in exchange for their willingness to delay consumption into the future. c. equal to the money interest rate minus the inflationary premium. d. all of the above.
When total input costs rise slower than the total units of output produced, then the per-unit production costs:
A. Will decrease B. Will increase C. Would be unaffected D. May either increase or decrease