Suppose a countrys total output is growing 10 percent per year but its population is growing 11
Question:
Suppose a country’s total output is growing 10 percent per year but its population is growing 11 percent per year. What will happen to living standards?
a. Remain the same.
b. Fall.
c. Rise.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
b Fall If a countrys population is growing faster than its output average l...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
Malam Christmas Tree Companys businessthe growing and selling of Christmas treesis seasonal. By January 1, its heavy selling season is over, and it has cash on hand that will not be needed for...
-
Suppose that a firm has a budget of $30,000, that the wage rate is $10 per hour, and that the rental rate of capital is $100 per hour. If the wage rate increases to $15 per hour and the rental rate...
-
Suppose the domestic demand and supply for corn intersects at p and suppose further that p also happens to be the world price for corn. (Since the domestic price is equal to the world price, there...
-
5.Construct a Histogram for the frequency distribution below containing record high temperatures for each of the 50 states. Class boundaries Freq 99.5-104.5 104.5-109.5 109.5-114.5 114.5-119.5...
-
Show the operation of all the bin-packing strategies discussed in Section 10.1.3 on the input 0.42, 0.25, 0.27, 0.07, 0.72, 0.86, 0.09, 0.44, 0.50, 0.68, 0.73, 0.31, 0.78, 0.17, 0.79, 0.37, 0.73,...
-
As the rational function y = 1/x is translated, its asymptotes are translated also. Write an equation for the translation of y = 1/x that has the asymptotes described. a. Horizontal asymptote y = 2...
-
Jeeves Software is a small software firm in high growth. The firm is all equity financed. In the current year, the firm earned $20 million in after-tax operating income on capital invested of $60...
-
1. Why had Sony been successful in the past (e.g., with the introduction of the Walkman, PlayStation, the CD, and the VAIO computer line)? 2. What was Mr. Ideis assessment of strategic alliances...
-
A. A new credit card company is investigating various marketsegments to determine whether it is profitable to direct itsadvertising specifically at each one. One of the market segments iscomposed o 2...
-
ABCMobile is a mobile network operator headquartered in New Delhi, India. The company has enlisted your help as a consultant to develop and test a model on the determinants of subscriber churn in the...
-
Propose a plausible synthesis for each transformation. a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. q. r. s. t. u.
-
The primary motivation for the purchase of any insurance lies in the fact that most people are a. Risk lovers. b. Risk averse. c. Risk neutral. d. Risk tolerant.
-
Find the derivative of the function. y = (3 cos(2) 1) 4
-
How do you determine normal and tangential components of acceleration?
-
a. Contrast accounting and auditing as to objectives, methodology, applicable standards, and responsible parties, b. What assumption underlies financial statement audits?
-
Name and describe the general requirements that are tested for compliance in a single audit.
-
Who issues International Standards on Auditing and what is their standing relative to local national standards such as the AICPA's SASs?
-
a. Identify the three categories of the ten generally accepted auditing standards. b. Briefly indicate the subject matter of each of the ten standards.
-
A partially discharged car battery can be modeled as a 9-V emf in series with a 0.08 internal resistance. Jumper cables connect this battery to a fully charged battery, modeled as a 12-V emf in...
-
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?
-
The desire to maximize profits can work against racial and other types of discrimination. To see this, consider two equally productive accountants named Ted and Jared. Ted is black, and Jared is...
-
The desire to maximize profits can work against racial and other types of discrimination. To see this, consider two equally productive accountants named Ted and Jared. Ted is black, and Jared is...
-
How does the PPACA attempt to ensure affordable insurance for the poor?
-
Costs paid by Medicare are Blank______ in determining the estimated net cost of postretirement benefits. Multiple choice question. not considered deducted added
-
Which answer choice correctly completes the folloiwng statement? " Ways to 'game' the budgeting process include ________." Group of answer choices "delaying sales if just short of a target"...
-
When there is a specific need for financial and/or administrative services to support incident management activities, a Finance/Administration Section should be established. Under the Incident...
Study smarter with the SolutionInn App