Suppose the growth rate of GDP in the United States is 4.2 percent. If 2.9 percent and 1.3 percent of GDP growth are due, respectively, to capital and labor growth, the amount resulting from technological progress is
A) 0 percent.
B) 1.3 percent.
C) 2.9 percent.
D) 4.2 percent.
A
Economics
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If the reserve ratio is raised, the money multiplier
A) stays the same. B) is doubled. C) is lowered. D) is increased.
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Judy has just looked through her favorite catalog that came in the mail and has placed an order. The catalog is an example of
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