Exam 25: Production and Growth

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Other things the same, higher population growth

A country's human capital increases

Countries with more than 80 percent of their population living within 100 kilometers of a coast will have an average GDP per person that is

Which of the following lists contains, in this order, natural resources, physical capital, and human capital?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

In an economy where net exports are zero, if saving rises in some period, then in that period

Other things the same, another unit of capital will increase output by more in a poor country than in a rich country.

If Country A produces 7,000 units of goods and services using 700 hours of labor, and if Country B produces 5,500 units of goods and services using 500 units of labor, then productivity is lower in Country A than in Country B.

Fretonia and Libstien are the same except Fretonia has a larger capital stock. Both countries undertake policies that raise their saving rates to the same higher level. We would expect that

Which of the following best describes the response of output as time passes to an increase in the saving rate?

Which of the following is a good gauge of economic progress?

"When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly." This statement

Which of the following items plays a role in determining productivity?

Which of the following can explain faster growth of real GDP in country A than in Country B?

Which of the following is an example of a renewable natural resource?

Outward-oriented policies

National defense and knowledge are generally considered to be

Which of the following is an example of physical capital?

In 2012, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000. During the year its real GDP grew by about 2.9%. Which of the following sets of growth rates is consistent with this growth in real GDP?