Productivity growth rates are usually higher in rich countries than in poor countries

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Suppose that a car was produced but not sold in 2013. The car could still be sold in 2014. According to the book, the car would be counted as part of:

A. 2013 GDP as investment. B. 2014 GDP, as consumption. C. 2014 GDP as investment. D. neither 2013 or 2014 GDP.

Economics

Assume a simple macroeconomic model. When inventories rise unexpectedly,

a. income is above its equilibrium value. b. income will rise until it reaches its equilibrium value. c. total spending is higher than total output. d. All of the above.

Economics