If a country goes through structural changes and share of agricultural production in the GDP declines...
If a country goes through structural changes and share of agricultural production in the GDP declines over time, then we may be able to conclude that
a. the country is transforming itself from low-income to a high-income country
b. the country is stagnating
c. both (a) and (b)
d. the GNI may reverse its course of action and cause a high inflation
Homework Answers
If the share of agriculture is actually declining over time, that means the agriculture levels would more or less remain constant because to feed the citizens of the country but the share is reducing due to the increasing output in the other sectors such as manufacturing and this is a sign of high income countries and therefore, in this regard it can be said that the country is transforming in that direction.
Therefore (a) is the answer
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If a country goes through structural changes and share of
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QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in...
QUESTION 10
Consider the monthly data, including the estimates for March
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Please help me answer theses practice questions
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QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
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