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Jchanis15 Jchanis15
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A year ago
Suppose the working-age population of a country doubles because of immigration. The country, however, neglects investment in research and development (R&D), and hence, its level of technology remains stagnant. Which of the following statements will be TRUE of this economy?

▸ The economy will experience steady economic growth.

▸ The economy's output will rise at an increasing rate over time.

▸ The saving rate will remain stagnant over the years.

▸ The economy cannot achieve sustained growth.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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rbacon2rbacon2
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A year ago
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