According to this Application, China's growth rate was faster than India's during this 26 year period because
A) China received more contributions from human capital than India received.
B) China's growth was based more on human capital and India's growth was based more on physical capital.
C) China's growth was based more on human capital and India's growth was based more on technological progress.
D) China invested more in physical capital than India invested.
D
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The American Recovery and Reinvestment Act, signed by President Barack Obama in 2009, aimed at: a. stimulating the aggregate demand in the economy
b. removing the supply bottlenecks in the economy. c. closing an expansionary gap through a contractionary fiscal policy. d. ensuring free trade flows across the world. e. providing higher unemployment benefits to the residents of the economy.
When the exchange rate fluctuates around a fixed central target, allowing for a moderate amount of fluctuation, while tying the currency to the target central rate, the exchange rate is under a(n):
a. horizontal band. b. crawling peg. c. managed float. d. independent float. e. currency board.