Multiple Choice
If the saving rate increases, a country's growth rate of real GDP per hour of labor ________ and capital per hour of labor ________.
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
Correct Answer:

Verified
Correct Answer:
Verified
Q67: The aggregate production function describes the relationship
Q68: If the price level rises by 4
Q69: A movement along the aggregate production function
Q70: According to new growth theory<br>A) ever-advancing productivity
Q72: The best definition for economic growth is<br>A)
Q73: If both the supply of labor and
Q74: To achieve faster growth, economies can increase
Q75: The classical growth theory's view of the
Q76: Labor productivity increases with<br>A) increases in consumption
Q350: According to the Economic Times (09/2012), Standard