UMUC ECON201 HOMEWORK 2 LATEST 2015
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UMUC ECON201 HOMEWORK 2 LATEST 2015 1
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Question
Question 1 1 / 1 point
Which of the following factors contribute to economic growth?
a) an increase in the standard of living
b) a decrease in the productivity of labor
c) an increase in the average wage rate paid to workers
d) an increase in the proportion of the population that is college educated
Question 2 1 / 1 point
In the long run, the most important source of increase in a nation's standard of living is a:
a) zero rate of population growth.
b) high rate of economic growth.
c) h...
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UMUC ECON201 HOMEWORK 2 LATEST 2015•UMUC ECON201 HOMEWORK 2 LATEST 2015
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Question
Question 1 1 / 1 point
Which of the following factors contribute to economic growth?
a) an increase in the standard of living
b) a decrease in the productivity of labor
c) an increase in the average wage rate paid to workers
d) an increase in the proportion of the population that is college educated
Question 2 1 / 1 point
In the long run, the most important source of increase in a nation's standard of living is a:
a) zero rate of population growth.
b) high rate of economic growth.
c) h...