Exam 23: Economic Growth: Theory and Policy

On-the-job training is one area of education in the United States most influenced by the

Poor countries often have difficulty investing in capital because

In general, poor countries

Development assistance is designed to spur population growth in poor countries.

Lower levels of education and training are often associated with low levels of

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

Technology can be defined as the

Which of the following services have experienced declines in relative prices due to productivity increases?

Expansion of factories, investment in new computers and/or equipment are processes of capital formation.

From the late 1960s to the late 1980s, in the United States SAT scores

A superior level of technology is an important reason the productivity of workers in rich countries is high.

The Human Genome Project is a useful example of

Capital gains are profits that you earn on the sale of your

In 2010, President Obama proposed more generous tax write-offs for businesses that invest in additional equipment in order to stimulate investment spending.

The public sector can stimulate research and development through

The fall of actual GDP below the level of potential GDP is a signal that the economy is in a recession.

The wage premium in the United States represents a

Economists are still puzzled why growth rates in the United States fell from 1973 to 1995.

The "cost disease of personal services" phenomenon helps explain why medical care has become so expensive.

Private investment from a foreign country is known as