Economic growth completely depends on people consuming their income rather than saving and investing.
True
False
Which of the following is not part of National Income?
A. Employee compensation.
B. Interest.
C. Rent.
D. All are components of National Income
Because patents provide strong incentives to develop new technologies, they tend to help to increase economic growth.
True
False
Increasing returns to scale exist when doubling all inputs less than doubles output.
True
False