Which of the following statements about world growth during the last half of the 20th century is correct?
A) Growth rates in South American countries have exceeded those in North America.
B) In every decade, Japan has experienced faster growth than the United States.
C) Due to rapid growth, real GDP per person in China is now about 50 per cent of that in the United States.
D) Real GDP per person in Hong Kong and Singapore are approaching or surpassing that of the United States.
Correct Answer:
Verified
Q68: According to empirical evidence,
A)international trade stimulates economic
Q69: According to the neoclassical growth theory,
A)increases in
Q70: Which of the following directly creates growth
Q71: Neoclassical growth theory
A)predicts that nations that enjoy
Q72: A movement along the aggregate production function
Q74: Factors that influence labour productivity include _.
A)physical
Q75: Labour productivity is
A)real GDP per hour of
Q76: Which of the following statements is correct?
A)I
Q77: The quantity of labour supplied depends on
Q78: Which of the following statements about Australia's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents