If an LDCs population growth rate is 3 percent per year, how much must the economic growth rate be just to maintain per capita income?

Which of the following was NOT a part of the American system of manufacturing?

(a) Interchangeable and standardized parts (b) Use of indentured servants (c) Mass production (d) High capital intensities of production

A bank is reserve deficient when

A) its reserves fall short of the level determined by the required reserve ratio. B) its excess reserves are greater than its required reserves. C) its required reserves are greater than its excess reserves. D) it purchases government securities from the Fed.