The formula for the multiplier can be written as change in

Quotas and tariffs provide the same outcome: restriction of international trade and higher prices for consumers

a. True b. False Indicate whether the statement is true or false

Which of the following is most important if the living standards of people residing in a country are going to improve?

a. growth of population b. growth of per capita GDP c. growth of the money supply d. growth of government expenditures as a share of GDP