Increasing the growth rate of GDP per capita and sustaining this growth rate in an economy can
A) increase the level of poverty. B) lower life expectancy.
C) increase infant mortality. D) increase standards of living.
D
Economics
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If the consumption function is C = 90 + 0.75y, then the marginal propensity to consume is
A) 0.2.5. B) 0.75. C) 67.5. D) 90.
Economics
Production possibilities are the
A. Percentage of output produced by each worker. B. Various production methods that producers can employ. C. Various types of input that each manufacturing facility can choose to employ. D. Alternative combinations of output that can be produced using all available resources and technology.
Economics