A small improvement in a country's growth rate is a benefit to policy makers because
A) a small change can have large effects on per capita GDP over time.
B) inflationary pressures will prove inconsequential.
C) policy makers focus too much on economic growth and not enough on increasing savings rates.
D) the larger GDP is the better the economic welfare will be in the future.
Correct Answer:
Verified
Q8: If population growth is less than growth
Q9: If population growth is more than growth
Q10: Economic growth is best measured by increases
Q11: If real per capita GDP growth is
Q13: A decrease in growth rates will cause
Q16: Economic growth
A)is sustainable with the help of
Q17: The faster economic growth is, the
A) steeper
Q17: Increases in per-capita GDP are commonly referred
Q42: Suppose two countries have identical growth rates
Q54: A small reduction in a country's growth
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