A Country Has $50 Million of Domestic Investment and Net

question 223

Multiple Choice

A country has $50 million of domestic investment and net capital outflow of $15 million.What is saving?

• A)$65 million
• B)-$65 million
• C)$35 million
• D)-$35 million

Understand the role and impact of patents on economic growth and technological innovation.

Analyze policies aimed at controlling population growth to improve living standards and the implications of these policies.

Calculate and interpret the growth rate of real GDP per person.

Compare economic growth rates and development statuses of different countries over time.

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Definitions:

Technological Advance

The introduction or improvement of technology, leading to increased efficiency, productivity, or new capabilities within society or specific industries.

Production Possibilities Curve

The production possibilities curve illustrates the maximum possible output combinations of two goods that an economy can achieve when all resources are fully and efficiently utilized.

Output

The cumulative volume of goods or services yielded by a business, industry, or economic structure.

Production Possibilities Diagram

A graphical representation showing the maximum number of output combinations that an economy can achieve using its resources efficiently.