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

Standard explanations for why the Industrial Revolution took place in Britain include

The most unsuccessful countries in terms of economic growth were showing 1997 PPP GDP per capita of less than

Prior to 1500, there were no sustained increases in the material prosperity of human labor because of a combination of

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

The measured growth rate of output per worker in the United States rose from about ______ percent per year from 1929 to 1950 to about ______ percent per year from 1950 to 1973.

A rapidly _______ price of capital goods has the same effect on total investment expenditures as a rapidly

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

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

Productivity stagnates without improvements in the "technologies"of each of the following except

Technological progress has two components:

The most successful countries in terms of economic growth were showing 1997 PPP GDP per capita of more than

The efficiency of labor is high where educational levels are ______ and where economic contact with the industrial core is _______.

Two secondary causes of the extraordinary variation in output per worker between countries today are

A high level of labor force growth is correlated with a ____ level of output per worker.

Standard explanations for why the Industrial Revolution took place in Britain include

Over the past two decades, typical systems of regulation in developing countries have retarded development for each of the following reasons except

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

Most physical commodities are (or with the assistance of the legal system can easily be made)

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

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