Exam 8: Economic Growth

The rate of growth of labor productivity in the U.S. has declined from the period 1973-1995 to the period 1995-2012.

Increasing returns would be a situation where a firm increases its workforce and other inputs by:

Compared with the period from 1973-1995, the annual rate of productivity growth from 1995-2012 was about:

From 2010 to 2050, the "inverse dependency ratio" in the U.S. is expected to:

If an economy has 800,000 work-hours employed, and its labor productivity is $16/hour, then its real GDP must be $50,000.

There is unanimous agreement that economic growth is both desirable and sustainable.

Human capital refers to the amount of capital available for the economy's human resources to work with.

Increased labor productivity has been less important as a source of growth than the increased labor inputs in the U.S. economy since the 1950's.

Rising real wages for women in the U.S. workforce since the 1960s have:

Suppose that an economy is initially operating at a point on its PPC. If it then experiences an expansion in its production capacity, but its total spending does not rise as fast as its capacity, the economy will end up:

Refer to the above graph. If the production possibilities curve of an economy shifts from AB to CD, it is most likely caused by which of the following factors?

If a country has a larger real GDP than another country, then it should also have a higher real GDP per capita that the other country.

Growth-promoting institutional structures include the following, except:

Which of the following is best considered a demand factor in economic growth?