EBK MINDTAP ECONOMICS FOR BOYES/MELVIN'
10th Edition
ISBN: 9781305387614
Author: MELVIN
Publisher: VST
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Question
Chapter 14, Problem 18E
To determine
To explain:
The factors that affect the variability of growth rate of real output.
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Which of the following is a benefit of long-run economic growth?
O A.
increased future interest rates
B.
a greater ability to reduce inequality
C. growth in nominal GDP greater than real GDP
D. decreased productive capacity
O E. decreased current saving and increased current consumption
. Suppose that society decided to reduce consumptionand increase investment.a. How would this change affect economic growth?b. What groups in society would benefit from thischange? What groups might be hurt?
. For a high-income economy like the United States, what aggregate production function elements are most important in bringing about growth in GDP per capita? What about a middle-income country such as Brazil? A low-income country such as Niger?
Chapter 14 Solutions
EBK MINDTAP ECONOMICS FOR BOYES/MELVIN'
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