Describe some of the advantages and disadvantages of each of the following schools: linear stages, structural change, dependence and neoclassical
What will be an ideal response?
Discussed in detail in the chapter and in the comparative case study at the end of the chapter.
Economics
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The rate of growth in real GDP minus the rate of growth of the population is the
A) rate of growth of nominal GDP. B) population growth rate. C) rate of growth of per capita real GDP. D) unemployment rate.
Economics
Which of the following is not a consequence of hyperinflation?
A) The price level grows in excess of hundreds of percentage points per year. B) Hyperinflation causes an economy to suffer slow growth. C) Money loses value so rapidly that individuals and firms stop holding it. D) Money's function as a medium of exchange is enhanced.
Economics