Exam 24: Economic Growth: Theory and Policy

Over long periods of time, labor productivity growth rates must differ by at least ____ percent to yield significant differences in standards of living.

Investment is a(n) ____ and capital is a(n) ____ variable.

All of the following are reasonable explanations of the labor productivity speed-up in the United States except

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

In the United States, the average level of educational attainment is approximately a

Workforce quality arguments are very difficult to prove for the period of 1970 to 1990 because during that period SAT scores

From 1979 to 2011, which country had the lowest growth rate of GDP per hour of work?

A superior level of technology is an important reason the productivity of workers in rich countries is high.