If the actual capital-labor ratio is above the steady-state capital labor ratio, growth from convergence will be ________, and the economy will grow ________ than it will along a balanced growth path

The employment-to-population ratio is equal to the number of

A) unemployed people divided by the total population then multiplied by 100. B) employed people divided by the working-age population then multiplied by 100. C) employed people divided by the total population then multiplied by 100. D) unemployed people divided by the working age population then multiplied by 100.

The time that elapses between the implementation of a policy and its intended result is referred to as

A) the action time lag. B) the recognition time lag. C) the effect time lag. D) the data lag.