Exam 24: Economic Growth: Theory and Policy

Higher rates of investment spending contribute most to higher levels of

An explanation for the slowdown in U.S.productivity growth in the 1973-1995 period was higher oil prices caused by

The profit earned from selling an asset for more than you paid for it is called

Which of the following countries would have the most difficulty raising its level of average educational attainment?

Property rights uncertainty will usually cause

A major contributor to the slowdown in U.S.labor productivity during the 1973-1995 period was

Long-term productivity growth trends have resulted in the

Draw a production function and illustrate the effects of capital investment and technological improvement on labor productivity.

Which of the following are problems that may limit economic growth in developing countries?

Which of the following would a macroeconomist classify as capital?

In general, as productivity levels decrease, the potential for productivity growth

In 2008-2009 the U.S.economy provided a

In 2009, which country had the highest level of GDP per hour of work?

The invention of the Internet should make poorer countries

In contrast to the United States, countries like Japan and Germany have

By enjoying more consumer goods today, the economy spurs growth in future consumer goods.

The threat of confiscated private property diminishes the incentive to invest.

The expansion of information technology and the increasing complexity of the economy should make the wage premium

Devoting more of a country's resources for producing consumer goods means

Laws that assign owners the rights to use assets as they see fit are called