Since 1950, farm productivity has:
A. advanced twice as fast as in nonfarm sectors of the economy.
B. lagged behind productivity advances in the nonfarm economy.
C. almost exactly matched productivity increases in the rest of the economy.
D. doubled.
Answer: A
Economics
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Debt service payments appear in
(a) the current account. (b) the capital account. (c) the cash account. (d) errors and omissions.
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. expansionary; higher; higher C. recessionary; higher; potential D. recessionary; lower; lower
Economics