The steady-state level of income per person in a country is a
function of all the following EXCEPT ____
A: the rate of saving.
B: the current level of income in the country.
C: the efficiency with which the economy employs the factors of
production.
D: the population growth rate.
function of all the following EXCEPT ____
A: the rate of saving.
B: the current level of income in the country.
C: the efficiency with which the economy employs the factors of
production.
D: the population growth rate.
举一反三
- Which of the following will probably not result in an increase in a country's current account balance (assuming everything else constant)? A: A decrease in the country's rate of inflation B: A decrease in the country's national income level C: An increase in government restrictions in the form of tariffs or quotas D: An appreciation of the country's currency E: All of the above will result in an increased current account balance.
- The growth ______ of the country’s economy was 3% last year. A: speed B: rate C: level D: value
- An economy with a capital-labor ratio that is lower than the steady-state level can achieve a steady-state equilibrium at this lower capital-labor ratio only if A: the savings rate decreases B: the rate of depreciation decreases C: the rate of population growth decreases D: technological advances are made E: all of the above
- For every 10% increase in the importance of a country's international trade in an economy, the per capita income level will rise by at least 5%. ()
- If an economy is initially in a steady state and it experiences an<br/>increase in its saving rate, then the steady-state capital stock will<br/>____ A: fall. B: stay the same. C: rise. D: rise only if depreciation also rises.