Exam 23: Economic Growth: Theory and Policy

Capital is a(n) ____ variable and investment is a ____ variable.

Increases in the supply of scientists and engineers can increase the level of

The largest U.S. government training program is

Compared to workers in richer countries, workers in developing countries have

Research shows that increases in educational attainment leads to higher

In most rich countries, adult citizens typically have a

The poorest countries in Africa have some of the highest growth rates, thus proving the convergence hypothesis.

College tuition costs have risen faster than prices in general from 1979 to 2009.

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

From 1973 to 1995, the growth rate of labor productivity in the United States was approximately

Economists believe that the same explanation for the rapid growth of costs applies to services, theatrical performances and restaurant meals.

The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period.

The act of putting a new product on the market in order to make profits is called

China's rapid increase in the rate of productivity growth cannot be attributed to

The invention of the Internet should make poorer countries

Congress could encourage investment spending through changes in the

Public sector and private sector collaboration is one way to support R&D.

The new growth theory would be most likely to lend support for increased government support for

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

The lessons of the Japanese recovery were most successfully repeated by