13. Which of the following statements is correct?
a. Sustainable development is not necessarily incompatible with economic growth.
b. Sustainable development implies that economic growth will have to become negative.
c. Sustainable development is concerned solely with economic issues.
d. Sustainable development is another name for economic growth.
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The main reason why development economists take the international comparisons of GNI or GDP per capita seriously is because (please chose only one answer):
(a) The latest figures of material well-being as captured by GNI or GDP comparisons are the only way we have to measure recent economic development
(b) GNI or GDP per capitaâs latest estimates might reflect âeconomic growth of income per capitaâ in the past
(c) GNI or GDP per capita estimates take into account ânegative externatilitiesâ
(d) Alternative measures of economic development as captured by the Human Development Index (HDI) are perfectly correlated with GNI or GDP per capita
The main reason why development economists take the international comparisons of GNI or GDP per capita seriously is because (please choose only one answer):
(b) GNI or GDP per capita's latest estimates might reflect an economic growth of income per capita in the past.
(c) GNI or GDP per capita estimates take into account negative externalities.
(d) Alternative measures of economic development as captured by the Human Development Index (HDI) are perfectly correlated with GNI or GDP per capita.
Have couple study guide questions i was not sure about and needed help on. Please let me know if the following statements are true or false:
1) Keynesians believed that during a recession, wage rates would fall and interest rates would stimulate the economy, thereby bringing the economy back to its sustainable level of output.
2) If the federal reserve bank raises the reserve requirement from 10% to 25% the new money multiplier will be 5.
3) If people anticipate an expansionary monetary policy, higher price levels will be the only effect of the policy.
4) Investments in human capital, physical capital, and technological development, shift the production possibilities curve outward and contribute to economic growth.
5) If the marginal propensity to consume is 75%, the spending multiplier will be 4.
