Exam 9: Long-Run Economic Growth

Ireland's recent economic growth and improving living standard are due primarily to its investment in all of the following types of physical and human infrastructure EXCEPT:

(Multiple Choice)

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Question 21

Increases in human capital will promote economic growth.

(True/False)

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Question 22

An increase in the amount of physical capital per worker _, while technological progress _.

(Multiple Choice)

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Question 23

All else equal, a nation that has a high rate of ___ will have a high rate of _ and therefore a high growth rate of ___ capital.

(Multiple Choice)

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Question 24

Economic growth is likely to entail:

(Multiple Choice)

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Question 25

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. Its annual growth rate in real GDP per capita was approximately:

(Multiple Choice)

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Question 26

Use the following to answer questions : -(Table: Kenya's Economy in 2010) Look at the table Kenya's Economy in 2010. Aggregate output per capita at the beginning of 2010 was:

(Multiple Choice)

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Question 27

Which of the following is the most widely accepted measure of economic growth over time?

(Multiple Choice)

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Question 28

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 long will it take real GDP per capita of the United States to double?

(Multiple Choice)

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Question 29

The rule of 70 indicates that a 6% annual increase in the level of real GDP would lead to the output doubling in approximately _____ years.

(Multiple Choice)

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Question 30

Rising high school graduation rates are an example of an increase in:

(Multiple Choice)

5.0/5

(70)

Question 31

Use the following to answer questions : Table: South Korea's Real GDP per Capita -(Table: South Korea's Real GDP per Capita) Look at the table South Korea's Real GDP per Capita. As a percentage of real GDP per capita in 1960, approximately how much did South Korea produce in 2000?

(Multiple Choice)

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Question 32

Productivity is declining when:

(Multiple Choice)

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Question 33

Conditional convergence suggests that:

(Multiple Choice)

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Question 34

Diminishing returns to physical capital suggests that:

(Multiple Choice)

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Question 35

U.S. real GDP per capita in 2010 was _____ as much per person as in 1900.

(Multiple Choice)

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Question 36

A negative externality is a good or a service that the government or a private business provides to a foreign country.

(True/False)

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Question 37

According to Thomas Malthus's work, which of the following is TRUE?

(Multiple Choice)

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Question 38

The convergence hypothesis says that international differences in GDP per capita tend to _____ over time.

(Multiple Choice)

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Question 39

Physical capital includes:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 316

Ireland's recent economic growth and improving living standard are due primarily to its investment in all of the following types of physical and human infrastructure EXCEPT:

Increases in human capital will promote economic growth.

An increase in the amount of physical capital per worker _, while technological progress _.

All else equal, a nation that has a high rate of ___ will have a high rate of _ and therefore a high growth rate of ___ capital.

Economic growth is likely to entail:

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. Its annual growth rate in real GDP per capita was approximately:

Use the following to answer questions : -(Table: Kenya's Economy in 2010) Look at the table Kenya's Economy in 2010. Aggregate output per capita at the beginning of 2010 was:

Which of the following is the most widely accepted measure of economic growth over time?

The rule of 70 indicates that a 6% annual increase in the level of real GDP would lead to the output doubling in approximately _____ years.

Rising high school graduation rates are an example of an increase in:

Use the following to answer questions : Table: South Korea's Real GDP per Capita -(Table: South Korea's Real GDP per Capita) Look at the table South Korea's Real GDP per Capita. As a percentage of real GDP per capita in 1960, approximately how much did South Korea produce in 2000?

Productivity is declining when:

Conditional convergence suggests that:

Diminishing returns to physical capital suggests that:

U.S. real GDP per capita in 2010 was _____ as much per person as in 1900.

A negative externality is a good or a service that the government or a private business provides to a foreign country.

According to Thomas Malthus's work, which of the following is TRUE?

The convergence hypothesis says that international differences in GDP per capita tend to _____ over time.

Physical capital includes:

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

Ireland's recent economic growth and improving living standard are due primarily to its investment in all of the following types of physical and human infrastructure EXCEPT:

Increases in human capital will promote economic growth.

An increase in the amount of physical capital per worker _____, while technological progress _____.

All else equal, a nation that has a high rate of _____ will have a high rate of _____ and therefore a high growth rate of _____ capital.

Economic growth is likely to entail:

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. Its annual growth rate in real GDP per capita was approximately:

Use the following to answer questions : -(Table: Kenya's Economy in 2010) Look at the table Kenya's Economy in 2010. Aggregate output per capita at the beginning of 2010 was:

Which of the following is the most widely accepted measure of economic growth over time?

The rule of 70 indicates that a 6% annual increase in the level of real GDP would lead to the output doubling in approximately _____ years.

Rising high school graduation rates are an example of an increase in:

Use the following to answer questions : Table: South Korea's Real GDP per Capita -(Table: South Korea's Real GDP per Capita) Look at the table South Korea's Real GDP per Capita. As a percentage of real GDP per capita in 1960, approximately how much did South Korea produce in 2000?

Productivity is declining when:

Conditional convergence suggests that:

Diminishing returns to physical capital suggests that:

U.S. real GDP per capita in 2010 was _____ as much per person as in 1900.

A negative externality is a good or a service that the government or a private business provides to a foreign country.

According to Thomas Malthus's work, which of the following is TRUE?

The convergence hypothesis says that international differences in GDP per capita tend to _____ over time.

Physical capital includes:

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

An increase in the amount of physical capital per worker _, while technological progress _.

All else equal, a nation that has a high rate of ___ will have a high rate of _ and therefore a high growth rate of ___ capital.