Exam 17: Institutions,policies,and Cross-Country Differences in Income and Growth

Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that country

Which of the following countries had the lowest growth rate of per capita GDP during 1980-2009?

Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that country

The growth records of Japan and Hong Kong during the last fifty years indicate that an economy can grow rapidly without

The Economic Freedom of the World measure indicates that the United States

Which of the following countries have instituted liberal reforms and substantially improved their economic freedom rating since 1990?

During 1980-2009,the countries achieving the most rapid growth of real GDP were nearly all

The experience of Ireland in the last four decades indicates that in order to achieve high rates of economic growth countries must

Which of the following provides the best explanation of why low-income countries generally remain poor?

Which of the following countries achieved the most rapid growth rate of real income per person during 1980-2009?

During the 2000-2009 decade,

Countries with more economic freedom tend to invest a ____ share of their GDP and the productivity of that investment is ____ than for countries that are less free.(Fill in the blanks. )

Which of the following is a key characteristic of economic freedom?

Compared to those in low-income countries,the residents of countries with high per person incomes nearly always

To compare income across countries in a common currency,economists generally prefer to use the

The per capita incomes of countries in the quartile with the most economic freedom during 1980-2009 were

Dividing data into quartiles means that you are dividing data into

(I)Countries with more economic freedom during the past quarter of a century had a lower average per capita GDP. (II)Countries with more economic freedom during the past quarter of a century generally achieved higher rates of economic growth.

The GDP figures fail to count labor services and other household production.Once this omission is taken into account,

Which of the following countries began liberal economic reforms during the 1980s and now have significantly more economic freedom than during the mid-1980s?