A.If real GDP per capita in a country was $14,000 in year 1 and $14,280 in year 2, then the economic growth rate for this country from year 1 to year 2 was:

Group of answer choices

4%.

3%.

2%.

1%.

B. Openness to international trade tends to promote growth because it also opens a country to new ideas and innovation.

Group of answer choices

False

True

C. Which statement is consistent with the predictions of the simple Solow model with no technological advancement?

Group of answer choices

In the long run, a higher saving rate reduces economic growth.

In the long run, economic growth is zero.

In the long run, a higher capital stock raises economic growth.

In the long run, rich countries grow faster than poor countries.

D. The increase in world population will likely lead to an increase in ideas for production.

Group of answer choices

False

True

E. In 2010, China's GDP per capita grew by approximately:

Group of answer choices

7%.

10%.

9%.

8%.

F.In an economy with no technological advance, economic growth will continue if investment equals depreciation.

False

True