Which of the Following Statements Is TRUE

question 67

Multiple Choice

Which of the following statements is TRUE?

• A)In the past century, the population of the United States has grown faster than output.
• B)Long-run growth models and business cycle models are the same.
• C)Since World War II, the economy of Argentina has grown faster than the economy of Canada.
• D)The level of saving is important for long-run growth.

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Definitions:

Delphi Technique

A structured communication technique or method, originally developed as a systematic, interactive forecasting method which relies on a panel of experts.

Time and Costs

Factors related to the duration and financial expenditure required to complete a project or activity.

Demand Forecasting

The practice of predicting the future demand for a product or service based on historical sales data, analysis, and market trends.

Quantitative Method

A research technique that focuses on quantifying the collection and analysis of data, primarily using statistical tools to establish relationships and test hypotheses.