Exam 7: Economic Growth: Theory and Policy

There is now general agreement among economists regarding the sources of the U.S.productivity slowdown that occurred between 1973 and 1995.

Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows.

Workforce quality can be improved by

Which of the following countries has the lowest level of average educational attainment?

A constant contributor to labor productivity growth during the entire 1948-2000 period was

Describe the three pillars of productivity growth.

Higher energy prices can be used to adequately explain the productivity slowdown in

The business sector in the United States has the most influence on

Investment spending,capital formation,and rapid technological progress are directly related.

On a graph with time on the horizontal axis and real GDP per capita on the vertical axis,the income levels of poorer countries are

The productivity speed-up in the United States began in the

Which retail operation would have the lowest costs per book sold?

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

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

The Internet was first developed in the

Because business firms often finance new investments with borrowed money,a key determinant of investment spending is

In general,countries with lower rates of growth of labor productivity have

In most countries,primary and secondary education is the responsibility of the

In the United States,the wage rates for high school graduates are growing faster than the wage rates for college graduates.

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