Multiple Choice
Real GDP per person is $50,000 in Andromeda, $40,000 in Cosmos, $30,000 in Circinus, and $10,000 in Myall. Saving per person is $4000 in all four countries. Other things equal, what would we expect?
A) All four countries will grow at the same rate.
B) Andromeda will grow the fastest.
C) Cosmos will grow the fastest.
D) Myall will grow the fastest.
Correct Answer:

Verified
Correct Answer:
Verified
Q125: Suppose Canadian-based Bombardier cannot keep up with
Q126: What factor did economic historian Robert Fogel
Q127: Last year, real GDP per person in
Q128: The real GDP per capita in an
Q129: Which statement illustrates an important fact about
Q131: The productivity slowdown in 1973 appears to
Q132: Changes in the prices of most natural
Q133: How is a nation's standard of living
Q134: Last year, real GDP in Oceania was
Q135: What best defines human capital?<br>A) the knowledge