Question 1

Which of the following policies would increase the growth rate of an economy in the endogenous growth model with human capital?

Accepted Answer

A)  mandatory schooling. 
B)  minimum wages. 
C)  redistributive taxation. 
D)  lump-sum taxation. 
A)  mandatory schooling. 
B)  minimum wages. 
C)  redistributive taxation. 
D)  lump-sum taxation.

Question 2

Income per worker has been

Accepted Answer

A)  converging in both the rich countries and the poor countries. 
B)  converging in the rich countries, but not converging in the poor countries. 
C)  converging in the poor countries, but not converging in the rich countries. 
D)  converging in neither the poor nor the rich countries. 
A)  converging in both the rich countries and the poor countries. 
B)  converging in the rich countries, but not converging in the poor countries. 
C)  converging in the poor countries, but not converging in the rich countries. 
D)  converging in neither the poor nor the rich countries.

Question 3

An example of an increase in b,the efficiency of human capital accumulation,is

Accepted Answer

A)  more mandatory school years. 
B)  better teachers. 
C)  better school material. 
D)  better total factor productivity. 
A)  more mandatory school years. 
B)  better teachers. 
C)  better school material. 
D)  better total factor productivity.

Question 4

In the endogenous growth model presented in the text,suppose that u represents the fraction of time spent working (as opposed to accumulating human capital)and b represents the efficiency of human capital accumulation. The growth rate of consumption equals

Accepted Answer

A)  u(1 - b) - 1. 
B)  1 + b(1 - u). 
C)  (1 - b)(1 - u). 
D)  b(1 - u) - 1. 
A)  u(1 - b) - 1. 
B)  1 + b(1 - u). 
C)  (1 - b)(1 - u). 
D)  b(1 - u) - 1.

Question 5

What immediate consequence does an increase in education time have in the endogenous growth model with human capital?

Accepted Answer

A)  lower output 
B)  lower output in the future 
C)  lower wages 
D)  lower human capital 
A)  lower output 
B)  lower output in the future 
C)  lower wages 
D)  lower human capital

Which of the following policies would increase the growth rate of an economy in the endogenous growth model with human capital?

Income per worker has been

An example of an increase in b,the efficiency of human capital accumulation,is

In the endogenous growth model presented in the text,suppose that u represents the fraction of time spent working (as opposed to accumulating human capital)and b represents the efficiency of human capital accumulation. The growth rate of consumption equals

What immediate consequence does an increase in education time have in the endogenous growth model with human capital?

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters

Exam 8: Income Disparity Among Countries and Endogenous Growth

Which of the following policies would increase the growth rate of an economy in the endogenous growth model with human capital?

Income per worker has been

An example of an increase in b,the efficiency of human capital accumulation,is

In the endogenous growth model presented in the text,suppose that u represents the fraction of time spent working (as opposed to accumulating human capital)and b represents the efficiency of human capital accumulation. The growth rate of consumption equals

What immediate consequence does an increase in education time have in the endogenous growth model with human capital?

Introduction

Measurement

Business Cycle Measurement

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Search and Unemployment

Economic Growth: Malthus and Solow

A Two-Period Model: The Consumption-Savings Decision and Credit Markets

Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

A Real Intertemporal Model with Investment

Money, Banking, Prices, and Monetary Policy

Business Cycle Models with Flexible Prices and Wages

New Keynesian Economics: Sticky Prices

International Trade in Goods and Assets

Money in the Open Economy

Money, Inflation, and Banking

Inflation, the Phillips Curve, and Central Bank Commitment

Filters