12. In the post World War II period, considerable growth in total production took place in the U.S. But at the same time, businesses were dumping their waste into the Great Lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. This occurrence is an example where (A) real GDP gives an overly positive view of economic welfare.(B) real GDP gives an overly negative view of economic welfare.(C) investment would have been a better measure of total production.(D) the pollution counts as a final good.

14. According to the story, "China intends to massively increase its scientific prowess and lift its population out of poverty by 2050.... A strategy issued by the State Council will increase annual investment in research and development to 900 billion yuan (US$112 billion) by 2020.... This would boost the proportion of China's gross domestic product spent on research from today's 1.3 per cent to 2.5 per cent."(www.scidev.net, 2/10/2006)China's plans to speed the pace of technology growth(A) is negatively related to real GDP growth according to the classical growth theory.(B) will create a positive relationship between population growth and real GDP growth according to the neoclassical growth model.(C) will positively affect real GDP growth according to the neoclassical growth theory.(D) will cause the population to increase and the real wage to fall according to the new growth theory.

相關試題

相關試卷