Which of the following countries would economists say definitively is achieving modern economic growth?
A) Zimbabwe experiences a 5.6 percent increase in nominal GDP.
B) South Africa experiences a 4.2 percent increase in real GDP.
C) Ghana experiences a 3.6 percent increase in nominal GDP per person.
D) Nigeria experiences a 2.7 percent increase in real GDP per person.
Correct Answer:
Verified
Q2: Unemployment describes the condition where
A) equipment and
Q3: In making international comparisons of living standards
Q6: Why are high rates of unemployment of
Q8: Before the period of modern economic growth,
A)
Q9: The term "recession" describes a situation where
A)inflation
Q10: When economists refer to "investment," they are
Q12: Which of the following statements is most
Q13: Macroeconomics is mostly focused on
A)the individual markets
Q20: If the prices of all goods and
Q30: Savings are generated whenever
A) prices are rising.
B)
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