Question 1

The high growth rate in aggregate output in Canada during 1991-2001 was due to

Accepted Answer

A)  an increase in the capital stock. 
B)  an increase in the labour force. 
C)  an increase in total factor productivity growth. 
D)  the higher prices of energy. 
E)  strong growth in the service sector. 
A)  an increase in the capital stock. 
B)  an increase in the labour force. 
C)  an increase in total factor productivity growth. 
D)  the higher prices of energy. 
E)  strong growth in the service sector.

Question 2

In the Malthusian model, the steady state is

Accepted Answer

A)  where total factor productivity is maximized. 
B)  the long-run equilibrium for the population. 
C)  the competitive equilibrium. 
D)  where consumption per worker is maximized. 
E)  where land replaces capital in the production function. 
A)  where total factor productivity is maximized. 
B)  the long-run equilibrium for the population. 
C)  the competitive equilibrium. 
D)  where consumption per worker is maximized. 
E)  where land replaces capital in the production function.

Question 3

Growth accounting attributes growth in real GDP to

Accepted Answer

A)  growth in consumption expenditure, investment expenditure, and government expenditure. 
B)  growth in the capital and labour inputs to production, and growth in total factor productivity. 
C)  government programs that increase research and development. 
D)  the savings rate and population growth. 
E)  international trade. 
A)  growth in consumption expenditure, investment expenditure, and government expenditure. 
B)  growth in the capital and labour inputs to production, and growth in total factor productivity. 
C)  government programs that increase research and development. 
D)  the savings rate and population growth. 
E)  international trade.

Question 4

In the steady state of Solow's exogenous growth model, an increase in total factor productivity

Accepted Answer

A)  increases output per worker and increases capital per worker. 
B)  increases output per worker and decreases capital per worker. 
C)  decreases output per worker and increases capital per worker. 
D)  decreases output per worker and decreases capital per worker. 
E)  decreases in output per worker only. 
A)  increases output per worker and increases capital per worker. 
B)  increases output per worker and decreases capital per worker. 
C)  decreases output per worker and increases capital per worker. 
D)  decreases output per worker and decreases capital per worker. 
E)  decreases in output per worker only.

Question 5

The per worker production function relates output per worker

Accepted Answer

A)  to capital per worker. 
B)  to the participation rate. 
C)  to production per worker. 
D)  in different countries. 
E)  total factor productivity. 
A)  to capital per worker. 
B)  to the participation rate. 
C)  to production per worker. 
D)  in different countries. 
E)  total factor productivity.

Question 6

In the Malthusian model, population growth depends on

Accepted Answer

A)  income per worker. 
B)  total factor productivity. 
C)  level of nutrition. 
D)  consumption per worker. 
E)  labour supply. 
A)  income per worker. 
B)  total factor productivity. 
C)  level of nutrition. 
D)  consumption per worker. 
E)  labour supply.

The high growth rate in aggregate output in Canada during 1991-2001 was due to

In the Malthusian model, the steady state is

Growth accounting attributes growth in real GDP to

In the steady state of Solow's exogenous growth model, an increase in total factor productivity

The per worker production function relates output per worker

In the Malthusian model, population growth depends on

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Income Disparity among Countries and Endogenous Growth

A Two-Period Model: The Consumption–Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

Inflation: Phillips Curves and Neo-Fisherism

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking: A Deeper Look

Filters

Exam 7: Economic Growth: Malthus and Solow

The high growth rate in aggregate output in Canada during 1991-2001 was due to

In the Malthusian model, the steady state is

Growth accounting attributes growth in real GDP to

In the steady state of Solow's exogenous growth model, an increase in total factor productivity

The per worker production function relates output per worker

In the Malthusian model, population growth depends on

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behaviour: The Work–Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Income Disparity among Countries and Endogenous Growth

A Two-Period Model: The Consumption–Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

Inflation: Phillips Curves and Neo-Fisherism

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking: A Deeper Look

Filters