Which of the following is correct?Exchange-rate-based measures of income per capita are identical to PPP-based measures.PPP rate-based measures of income are generated by the market.The gap between the income per capita of the U.S. and the income per capita of poorer countries is smaller when PPP-based measures are used.The gap between the income per capita of the U.S. and the income per capita of poorer countries is smaller when exchange rate-based measures are used.Suppose the GDP growth resulting from physical capital in an economy is 1%, and the growth resulting from human capital is 2%. If the annual growth rate of GDP is 5%, the growth resulting from technology equals:1%2%3%4%Net investment is equal to: The change in the stock of capitalGross investment plus depreciationReplacement investmentThe change in the capital stock plus depreciation.Which of the following is the most critical factor contributing to poverty reduction across the world? Sustained economic growthPolicies of income redistribution by governments.Foreign aid.Education Exponential growth implies that: Relatively small differences in growth rates translate into substantial differences in the level of a quantity after many years of growth. Growth rates can only be positive.Growth rates will alternate between positive and negative values in every consecutive period.Relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growth

Since you have asked multiple question, we will solve the first question for you. If you want any…

Answered: Which of the following is correct?…

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter18: International Trade And Finance

Section: Chapter Questions

Problem 19SQ

See similar textbooks

Related questions

Question

100%

Which of the following is correct?

Exchange-rate-based measures of income per capita are identical to PPP-based measures.
PPP rate-based measures of income are generated by the market.
The gap between the income per capita of the U.S. and the income per capita of poorer countries is smaller when PPP-based measures are used.
The gap between the income per capita of the U.S. and the income per capita of poorer countries is smaller when exchange rate-based measures are used.

Suppose the GDP growth resulting from physical capital in an economy is 1%, and the growth resulting from human capital is 2%. If the annual growth rate of GDP is 5%, the growth resulting from technology equals:

Net investment is equal to:

The change in the stock of capital
Gross investment plus depreciation
Replacement investment
The change in the capital stock plus depreciation.

Which of the following is the most critical factor contributing to poverty reduction across the world?

Sustained economic growth
Policies of income redistribution by governments.
Foreign aid.
Education

Exponential growth implies that:

Relatively small differences in growth rates translate into substantial differences in the level of a quantity after many years of growth.
Growth rates can only be positive.
Growth rates will alternate between positive and negative values in every consecutive period.
Relatively large differences in growth rates will translate into small differences in the level of a quantity after many years of growth

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.