Which of the following represents a dimension of technological progress?
A) larger quantities of output for given quantities of capital and labor
B) better products
C) a larger variety of products
D) new products
E) all of the above
E
Economics
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The United States is called a debtor nation because
A) it has a large current account deficit and is simultaneously funded by foreign investment. B) it has a large balance of payments deficit that is used to fund the current account deficit. C) U.S. capital outflows are much greater than U.S. capital inflows. D) it has a large financial account deficit that is used to fund the current account deficit.
Economics
If the personal saving rate is 20% and personal saving is $20 billion, the value of personal disposable income is
A. $4 billion. B. $20 billion. C. $100 billion. D. $400 billion.
Economics