Question
Suppose that over the past decade, productivity grew faster in Tajikistan than in Azerbaijan and the population of both countries was unchanged. Which of the
Suppose that over the past decade, productivity grew faster in Tajikistan than in Azerbaijan and the population of both countries was unchanged. Which of the following can we conclude?
Select one:
a.Real GDP per person must be higher in Tajikistan than in Azerbaijan.
b.The standard of living must be higher in Tajikistan than in Azerbaijan.
c.Tajikistan must have had a greater capital stock than Azerbaijan.
d.Real GDP per person grew faster in Tajikistan than in Azerbaijan.
If Bolivia increases itssaving rate, what will result in the long run?
Select one:
a.Productivity will increase, and the growth rate of real GDP per person will increase.
b.Productivity and real GDP per person will increase.
c.The growth rate of productivity will increase, and real GDP per person will increase.
d.The growth rates of productivity and real GDP per person will increase.
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