(Last Word) It is expected that by 2050, most nations will have decreasing populations. With the likely decline in the labor force and number of hours of work in the economy, what must occur for real GDP to continue to rise?a) Government spending and tax policy must be altered to stimulate sufficient demand.
b) Increasing amounts of natural resources must be brought into production.
c) Consumption spending must grow faster than the drop in work hours.
d) Labor productivity must grow faster than the drop in work hours.
Answers: 1
Business, 22.06.2019 12:00, kaylallangari549
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
Answers: 2
Business, 22.06.2019 14:20, dieguezisabel
In canada, the reference base period for the cpi is 2002. by 2012, prices had risen by 21.6 percent since the base period. the inflation rate in canada in 2013 was 1.1 percent. calculate the cpi in canada in 2013. hint: use the information that “prices had risen by 21.6 percent since the base period” to find the cpi in 2012. use the inflation rate formula (inflation is the growth rate of the cpi) to find cpi in 2013, knowing the cpi in 2012 and the inflation rate. the cpi in canada in 2013 is round up your answer to the first decimal. 122.9 130.7 119.6 110.5
Answers: 1
(Last Word) It is expected that by 2050, most nations will have decreasing populations. With the lik...
Mathematics, 21.02.2020 01:57
Mathematics, 21.02.2020 01:57