When a national has very little GDP per person ?

Related Mcqs:

A reasonable measure of the standard of living in a country is ?

A. real GDP per person B. nominal GDP per person. C. Real GDP D. The growth rate of nominal GDP per person...

The opportunity cost of growth is ?

A. a reduction in current investment B. a reduction in current consumption C. a reduction in taxes D. a reduction in current saving...

Which of the following statements is true ?

A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time C. Countries may have different level of GDP/person but they … Which of the following statements is true ?Read More...

Which of the following statements regarding the impact of population growth on productivity is true ?

A. There is no evidence, yet that rapid population growth stretches natural resources to the point that it limits growth in productivity B. All of these answers C. Rapid population growth may dilute the capital stock lowering productivity D. Rapid population growth may promote technological progress increasing productivity....

Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?

A. Productivity growth has been steady over the last 50 years B. Productivity has been growing more slowly every decade since world War II C. Productivity grew quickly in the 1950s and 1960s more slowly from the early 1970s through 1995 and then quickly again D. Productivity grew slowly from the 1950s through the 1970s … Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?Read More...