A. All countries will eventually join the EEC
B. Poorer countries have higher capital/labour ratios than richer countries.
C. The gap between countries GDP per head will widen
D. Poorer less developed countries will catch up with richer ones.
Author: Adden wafa
A. imperfect labor markets
B. rational expectations
C. intertertemporal decisions of households, firms and government
D. sun spot cycles
A. private sector imports and exports
B. economic policy
C. the duration of compulsory education
D. labor supply changes
A. potential output
B. actual output
C. real output
D. international trade
A. aggregate supply is
B. aggregate demand is
C. potential output is
D. real variables are
A. sun spot theory
B. multiplier accelerator model
C. Solow theory
D. New classical theory
A. capital-widening technical innovation
B. capital-widening Catch-up in technology
C. capital-deepening technical innovation
D. capital-deepening, catch-up in technology
A. Population size, x-efficiency
B. Population age distribution, education
C. Population growth technical progress
D. Population growth education
A. a higher growth rates
B. a fluctuating growth rate
C. a fluctuating growth rates
D. no change in the growth rate
A. increasing the use of labor increasing the use of land
B. increasing the use of capital increasing the use of labour
C. increasing the use of land increasing the use of capital
D. increasing the use of all inputs, technical advances
