Which one of the following is FALSE?
A) Saving contributes to economic growth by allowing for capital formation.
B) Labor productivity increases when the average output per worker rises.
C) Technology always progresses at a steady rate.
D) Nations with high rates of saving generally have high economic growth rates.
Correct Answer:
Verified
Q1: Economic growth means
A) an increase in nominal
Q2: An increase in population
A) always leads to
Q3: The speed at which the production possibilities
Q5: Which one of the following is FALSE?
A)
Q6: When there is economic growth in a
Q7: Investment spending
A) is a component of aggregate
Q8: Small differences in economic growth rates add
Q9: Economic growth is defined as
A) the increase
Q10: When there is economic growth, it is
Q11: When there is economic growth is a
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