If a rapidly growing population is one of the major problems facing LDCs, explain why a decrease in mortality rates is desirable, from an economic standpoint
A decrease in the mortality rate is desirable because it is associated with an increase in health that will raise
labor productivity and help pull the country out of poverty. A decrease in the mortality rate will also mean
growth of the percentage of the population that is able to produce more than they consume, allowing per
capita incomes to rise.
Economics
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Suppose the nominal interest rate is 1% and the rate of inflation is 3%. The real interest rate is therefore
A) -2%. B) 2%. C) 4%. D) 5%.
Economics
The part of the balance of payments that records purchases of assets a country has made abroad and foreign purchases of assets in the country is the
A) capital account. B) current account. C) financial account. D) statistical discrepancy account.
Economics