Which one of the following statements is correct?a. Slower population growth rate than nationalincome growth results to higher per capitaincomeO b. Higher disposable income means moremoney available for consumptionO c. All of thesed. Higher labor productivity increases nationalincome

The given options are analyzed below – Option (a): The Solow Model which defines the long run…

Answered: Which one of the following statements…

Which one of the following statements is correct? O a. Slower population growth rate than national income growth results to higher per capita income h Highor disposablo income morO mo ans

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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Question

Which one of the following statements is correct?
a. Slower population growth rate than national
income growth results to higher per capita
income
O b. Higher disposable income means more
money available for consumption
O c. All of these
d. Higher labor productivity increases national
income

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