Our Model of Long-Run Economic Growth Suggests That

question 69

Multiple Choice

Our model of long-run economic growth suggests that

• A)the U.S. growth slowdown since 1950 has been caused largely by low saving in the U.S.
• B)a higher rate of saving in the U.S. cannot do much to increase the U.S. growth rate over the next two decades.
• C)saving in the U.S. has exceeded the golden-rule level.
• D)all of the above
• E) none of the above

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Definitions:

Internal Service Departments

Departments within an organization that provide essential services to other departments rather than external customers, such as IT support or human resources.

Inventory Control

The processes and procedures used to manage the ordering, storage, and use of components that a company will use in the production process or the management of stock available for sale.

Investment Turnover

A ratio used to measure the efficiency of a company's use of its investments in generating sales revenue, indicating how well the company is utilizing its assets.

Return On Investment

A metric for determining an investment's profitability or efficiency, achieved by dividing the net profit by the investment's total cost.