The introduction of new technologies: a. decreases the real interest rate and increases the equilibrium quantity of national saving b. increases the real interest rate and decreases the equilibrium quantity of national saving c. increases the real interest rate and does not change the equilibrium quantity of national saving d. increases the real interest rate and increases the equilibrium quantity of national saving

In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in U.S. dollars). India was also one of the world’s fastest-growing economies, with an annual growth rate of real GDP of 7.3%. a. If the country maintains the same growth rate, how many years will it take for India’s GDP to double? b. Bangladesh’s GDP was $286.27 billion, but its growth rate was equal to India’s. How many years will it take for Bangladesh’s economy to double? c. Although Bangladesh and India have the same annual growth rate, their economies are much different in size. How can you explain the size difference to someone who is unfamiliar with scaling large numbers? Which strategies would you use?

In general, foreign entities:   a.  are borrowers of domestic (U.S.) loanable funds.   b.  require a greater inflation premium than domestic borrowers.   c.  are not concerned about the U.S. interest rate compared to their own, since it is illegal for them to lend in the United States.   d.  are lenders in the domestic (U.S.) loanable funds.   e.  require a smaller inflation premium than domes tic borrowers.

In the steady state, _____ consumption per worker is maximized. investment per worker exceeds depreciation per worker. the growth rate of output per worker equals zero. capital per worker grows.