Exam 9: Long-Run Economic Growth

Conditional convergence suggests that if adjustments were made for differences in education, infrastructure, and other factors that contribute to growth, poorer countries would have higher growth rates.

(True/False)

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Question 241

In the 1980s many economists believed that one problem in Latin America was a lack of government intervention in markets and recommended that the government seize ownership of many struggling companies.

(True/False)

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Question 242

From 2010 to 2011 nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. As a result real GDP per capita _, because it rose _ than the population.

(Multiple Choice)

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Question 243

Economists say that long-run economic growth is almost entirely due to:

(Multiple Choice)

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Question 244

In the 1980s which factor contributed to slow growth in Latin America countries?

(Multiple Choice)

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Question 245

Which of the following is one reason for Latin America's lack of economic growth since 1920?

(Multiple Choice)

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Question 246

Diminishing returns to physical capital means that as more and more physical capital is added to fixed amounts of human capital with a fixed technology, eventually real GDP per worker declines.

(True/False)

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Question 247

All of the following are reasons average workers in the United States today produce more than their counterparts a century ago EXCEPT that the modern worker:

(Multiple Choice)

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Question 248

Which of the following changes would contribute to a nation's rapid long-run economic growth?

(Multiple Choice)

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Question 249

The rule of 70 states that:

(Multiple Choice)

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Question 250

Use the following to answer questions : Scenario: Growth Rates Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year. Real GDP per capita of China is $4,000, and its annual growth rate is 7%. -(Scenario: Growth Rates) Look at the scenario Growth Rates. How many years will it take for China's real GDP per capita to be larger than real GDP per capita in the United States?

(Multiple Choice)

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Question 251

Ireland's recent economic growth and improving living standard are due primarily to:

(Multiple Choice)

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Question 252

The aggregate production function shows how productivity depends on natural resources and financial capital.

(True/False)

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Question 253

Education's effect on productivity:

(Multiple Choice)

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Question 254

The term human capital describes improvement:

(Multiple Choice)

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Question 255

The Rule of 70 applies:

(Multiple Choice)

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Question 256

If technology improves, then it takes more inputs to produce the same output as the last period.

(True/False)

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Question 257

The value of real GDP divided by population for a given country:

(Multiple Choice)

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Question 258

Because of diminishing returns to capital, doubling the amount of physical capital available for one worker to use will _ output by _ a factor of two.

(Multiple Choice)

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Question 259

When the government invests in building roads, ports, and a reliable power grid, it is investing in a nation's:

(Multiple Choice)

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Question 260

Showing 241 - 260 of 316

Conditional convergence suggests that if adjustments were made for differences in education, infrastructure, and other factors that contribute to growth, poorer countries would have higher growth rates.

In the 1980s many economists believed that one problem in Latin America was a lack of government intervention in markets and recommended that the government seize ownership of many struggling companies.

From 2010 to 2011 nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. As a result real GDP per capita _, because it rose _ than the population.

Economists say that long-run economic growth is almost entirely due to:

In the 1980s which factor contributed to slow growth in Latin America countries?

Which of the following is one reason for Latin America's lack of economic growth since 1920?

Diminishing returns to physical capital means that as more and more physical capital is added to fixed amounts of human capital with a fixed technology, eventually real GDP per worker declines.

All of the following are reasons average workers in the United States today produce more than their counterparts a century ago EXCEPT that the modern worker:

Which of the following changes would contribute to a nation's rapid long-run economic growth?

The rule of 70 states that:

Ireland's recent economic growth and improving living standard are due primarily to:

The aggregate production function shows how productivity depends on natural resources and financial capital.

Education's effect on productivity:

The term human capital describes improvement:

The Rule of 70 applies:

If technology improves, then it takes more inputs to produce the same output as the last period.

The value of real GDP divided by population for a given country:

Because of diminishing returns to capital, doubling the amount of physical capital available for one worker to use will _ output by _ a factor of two.

When the government invests in building roads, ports, and a reliable power grid, it is investing in a nation's:

First Principles

Economic Models

Supply and Demand

International Trade 5

Macroeconomics: the Big Picture

Gdp and Cpi: Tracking the Macroeconomy

Unemployment and Inflation

Savings, Investment Spending, and the Financial System

Fiscal Policy Appendix Taxes and the Multiplier

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Crises and Consequences

Events and Ideas

Open-Economy Macroeconomics

Graphs in Economics

toward a Fuller Understanding of Present Value

Filters

Exam 9: Long-Run Economic Growth

Conditional convergence suggests that if adjustments were made for differences in education, infrastructure, and other factors that contribute to growth, poorer countries would have higher growth rates.

In the 1980s many economists believed that one problem in Latin America was a lack of government intervention in markets and recommended that the government seize ownership of many struggling companies.

From 2010 to 2011 nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. As a result real GDP per capita _____, because it rose _____ than the population.

Economists say that long-run economic growth is almost entirely due to:

In the 1980s which factor contributed to slow growth in Latin America countries?

Which of the following is one reason for Latin America's lack of economic growth since 1920?

Diminishing returns to physical capital means that as more and more physical capital is added to fixed amounts of human capital with a fixed technology, eventually real GDP per worker declines.

All of the following are reasons average workers in the United States today produce more than their counterparts a century ago EXCEPT that the modern worker:

Which of the following changes would contribute to a nation's rapid long-run economic growth?

The rule of 70 states that:

Ireland's recent economic growth and improving living standard are due primarily to:

The aggregate production function shows how productivity depends on natural resources and financial capital.

Education's effect on productivity:

The term human capital describes improvement:

The Rule of 70 applies:

If technology improves, then it takes more inputs to produce the same output as the last period.

The value of real GDP divided by population for a given country:

Because of diminishing returns to capital, doubling the amount of physical capital available for one worker to use will _____ output by _____ a factor of two.

When the government invests in building roads, ports, and a reliable power grid, it is investing in a nation's:

First Principles

Economic Models

Supply and Demand

International Trade 5

Macroeconomics: the Big Picture

Gdp and Cpi: Tracking the Macroeconomy

Unemployment and Inflation

Savings, Investment Spending, and the Financial System

Fiscal Policy Appendix Taxes and the Multiplier

Money, Banking, and the Federal Reserve System

Monetary Policy

Inflation, Disinflation, and Deflation

Crises and Consequences

Events and Ideas

Open-Economy Macroeconomics

Graphs in Economics

toward a Fuller Understanding of Present Value

Filters

From 2010 to 2011 nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. As a result real GDP per capita _, because it rose _ than the population.

Because of diminishing returns to capital, doubling the amount of physical capital available for one worker to use will _ output by _ a factor of two.