Consider a Small Open Economy Whose Demand and Domestic Supply

question 103

Multiple Choice

Consider a small open economy whose demand and domestic supply of capital relationships are R = 30 - (1/2) K and K = 7R,respectively (where K and R denote capital and its marginal product) .Capital is perfectly mobile internationally,and the yield on capital (R) in the rest of the world is 6.
I: GNP exceeds 90 percent of GDP in this country.
II: Labour's share of GDP in this country is two-thirds.

• A) I is true; II is not.
• B) II is true; I is not.
• C) Both I and II are true.
• D) Neither I nor II is true.

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Definitions:

Broader Gender Roles

More inclusive and diverse expectations of behaviors and activities considered appropriate for males, females, and non-binary individuals.

Equal Pay

The concept of ensuring that employees are paid the same amount for doing the same or comparable work, regardless of their gender, race, or other unrelated factors.

Traditional Women's Fields

Areas of work or study historically dominated by women, often characterized by caretaking, nurturing roles, or domestic tasks.

Gender Equity

Fairness of treatment for individuals regardless of their gender, aiming towards equality in opportunities, rights, and responsibilities.