Exam 5: The Reality of Economic Growth: History and Prospect

A higher share of ________ in national product is powerfully correlated with relative levels of output per worker.

The demographic transition sees, first, a ______ in birth and a sharp ______ in death rates as material standards of living increase above "subsistence" levels and then birth rates start to _______ rapidly too.

A higher share of ________ in national product is powerfully correlated with relative levels of output per worker.

Governments seeking to establish patent laws face a difficult dilemma because

International arbitrage is unable to equalize prices in the service sector

Each of the following is included in the set of economic policies adopted by the OECD economies that have converged with the United States in terms of levels of productivity, economic structures, and standards of living except

Each of the following is a factor in explanations of America's place at the world economy's leading edge in its level of technology throughout the twentieth century except

Those of us living in the United States today have a level of productivity and material standard of living somewhere between ______ and ______ times that of our counterparts back in the late nineteenth century.

Since 1992, the United States economy has benefitted from a stunning __________ boom and ________In productivity since 1995.

!997 purchasing-power-parity GDP per capita in the United States was approximately

Each of the following is included in the set of economic policies adopted by the East Asian economies that are converging with the United States in terms of levels of productivity, economic structures, and standards of living except

One of the main reasons that research and development is more complicated than other types of investment is that

In addition to increases in productivity and the material standard of living, modern economic growth also results in enormous __________ ___________; i.e., a shift in the kinds of things we do at work and in the way we live.

In a non-democracy or a shaky semi-democracy, there are two possible pressures on the government:

If patent laws are weak

Policies that will tend to reduce savings include each of the following except

A policy that has the potential to boost investment for a given amount of savings would be

According to Thomas R. Malthus, faster rates of population growth _______ natural resource scarcity and _______ productivity.

Immediately after the Civil War, about ______ of all Americans were farmers whereas today less than _______ of American workers are farmers and farm laborers.

Each of the following is included in the set of economies that have converged with the United States in terms of levels of productivity, economic structures, and standards of living except