An increase in an economy's productive capacity implies
An increase in the economy's rate of capital replacement
An increase in the economy's capital stock
A decrease in government spending
An increase in government spending
Correct answer is B
No explanation has been provided for this answer.
The most threatening problem for the less developed countries is?
The continual depletion of their soil fertility
The rise of nationalism
Population explosion
Their differences towards economic growth
Correct answer is C
No explanation has been provided for this answer.
If technology becomes less capital-intensive, it means
An increase in the capital/labour ratio
An increase in the capital/ratio
A fall in the labour/capital ratio
Increased unemployment
Correct answer is B
No explanation has been provided for this answer.
In estimating the national income of a country, the three approaches usually adopted are the
Expenditure, value-added and output
Income, final product and output
Expenditure, income and output
Avoiding of double counting, final expenditure and value added
Correct answer is C
No explanation has been provided for this answer.
Consumption expenditure
Indirect taxes
Exports and property income from abroad
Gross Domestic Fixed Capital Formation
Correct answer is B
No explanation has been provided for this answer.