Exam 20: Economic Growth in the Global Economy

According to the Malthusian prediction in the long run:

A country will roughly double its GDP in five years if its annual growth rate is:

If real GDP per capita is decreasing,real output is:

The slower the rate of capital formation:

If population is expanding at the same rate as a country's real output:

Foreign direct investment-capital injections from abroad-can promote economic growth.

Is it possible to have economic growth with no opportunity cost?

Which of the following is false?

According to Malthus,how do economic growth and population relate to each other?

Which of the following will not affect the size of a nation's physical or human capital stock?

In the long run,the most important source of increase in a nation's standard of living is a:

Education would be considered investments in:

If real GDP per capita is increasing,real output is:

Higher rates of real economic growth can allow a less-developed,low per capita income country to attain the same standard of living as a more developed,high per capita income country in a few years.

Which of the following will not contribute to increasing the stock of physical or human capital of a nation?

Enforcement of property rights is likely to result in:

The higher opportunity cost of obtaining an education in developing countries is one of the reasons that school enrollments are lower.

Many scholars believe that the importance of research and development is understated.Efforts in research and development can include:

Brazil has a relatively low income per capita because it has relatively few natural resources.

Output per capita will tend to increase if the labor force participation rate in a country ____ or if workers put in ____ hours.