Exam 7: Economic Growth: Theory and Policy

Foreign direct investment generally leads to technological advancements in poorer countries.

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

If a larger percentage of Americans attended college,the wage premium would probably

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

A recession will occur if an economy's actual GDP ____ its potential GDP.

To promote rapid economic growth,the new growth theory would argue for increased scholarships in

Which of the following is an explanation for why some poor countries suffer from lower productivity growth?

Which price would you expect to rise the most in a high-income growing economy?

Properly enforced property rights will usually cause

Labor productivity growth in the United States during the 1973-1995 period could be explained by a ____ slowdown.

Productivity levels are higher in rich countries compared to poor countries.

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

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

To stimulate investment spending,Congress would most likely decrease

Investment is a(n)____ and capital is a(n)____ variable.

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

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

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

Discuss that factors that help explain the rapid productivity growth in the United States after 1995.

One of the factors causing the shrinking gap between rich and poor countries is