Exam 25: Production and Growth

Senator Noitall says that in order to help poor countries develop,the United States should: 1.Prevent U.S.corporations from investing in poor countries because they take profits that the poor countries should have;2.Not import goods from poor countries that use child labor;3.Work to promote political stability in poor countries;and 4.Reduce poor countries reliance on market forces in their economies.How many of these ideas are likely to help poor countries grow?

Which of the following is physical capital?

In 2004 real GDP in Latania was 750 billion and the population was 3 million.In 2005 real GDP was 907.5 billion and the population was 3.3 million.What was the approximate growth rate of real GDP per person?

The dictator of a certain country requires that companies planning to open or expand must pay a large fee to file an application one year prior to plans to build new factories or expand existing ones.Other things the same,in the long run this requirement would

Which of the following best illustrates the human capital of a survivor stranded on an island?

The key determinant of a person's standard of living in a country is

Investment from abroad

Which of the following is true?

On a production function,as capital per worker increases,output per worker

The opening of a new American-owned factory in Egypt would tend to increase Egypt's GDP more than it increases Egypt's GNP because

In the long run an increase in the saving rate

An organization that tries to encourage the flow of investment to poor countries is the

A leading environmental group recently published a report contending that humans are running a "resource deficit" because we are using natural resources faster than they can be regenerated.The group claims that this means that economic growth will eventually stop,and will even be reversed.An economist would

Why does a nation's standard of living depend on property rights?

Economists differ in their views of the role of the government in promoting economic growth.According to the text,at the very least,the government should

Proprietary technology is knowledge that is

The logic behind the catch-up effect is that

Economist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth?

Over the past 100 years,U.S.real GDP per person has doubled about every 35 years.If in the next 100 years it doubles every 25 years,then a century from now U.S.real GDP per person will be

Which of the following is not correct?