Exam 23: Economic Growth: Theory and Policy

Which of the following was not a factor that contributed to improved productivity from 1995 to 2009?

For given inputs of labor and capital, if technology is better, labor productivity will be

In 2010, in order to stimulate capital investment, President Obama proposed

The wealthy nations of the world have

The productivity growth rates of poorer countries tend to be ____ than those of richer countries.

Which period of recent U.S.history shows the lowest rates of productivity growth?

Many poorer countries face political instability and insecure property rights.

Compared to wages of professional athletes, the prices of automobiles in the United States have

Human capital differs from physical capital in that

Nearly half of federal government research and development spending takes place in the

Large productivity increases are most likely to be achieved by

From 1979 to 2011, which country had the highest growth rate of GDP per hour of work?

Real wages in the United States tend to rise at the same rate as

Consumer expectations and a positive business sentiment would boost

According to the convergence hypothesis, countries with rapid GDP growth

Leaps in productivity growth experienced by China are attributed to

Industrialized countries generally have higher levels of educational attainment compared with poorer countries.

Human capital does not improve with

Which of the following is not one of the three pillars of productivity growth?

The U.S.labor productivity speed-up of 1995-2010 could be explained by