The statement is false. According to Ten Principles of Economics the statement is false.
Among the Ten Principles of Economics is that a nation's ability to generate products and services determines its standard of living. Only a country that can create a lot of products and services can have a high level of living. Since American workers are more efficient than Nigerian workers, Americans have a higher standard of living. Because Japanese employees' productivity has increased more quickly than that of Argentine workers, the Japanese have experienced a higher rate of living standard growth. George Mankiw's book Principles of Economics lays out a fundamental set of rules that are economically sound theories that can be verified.
Countries that have had higher output growth per person have typically done so without higher productivity growth.
True
False
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According to the dividend valuation model , the current price of a stock is the present value of the expected future dividends discounted at the required rate of return.
So we will discount the steams of dividend using the required rate of 11.0% as follows
True. Do not forget that the equilibrium quantity is found when the quantity demanded is equal to the quantity supplied, which must be where the two curves intersect.
