Exam 11: Long-Run Economic Growth: Sources and Policies

Some researchers have been unable to find evidence of increasing returns to human capital.

Georg,a German citizen,just purchased 10 shares of stock in Microsoft,a U.S.company.This purchase is an example of

One reason why many low-income countries experience low rates of growth is because of poor public education and health.

Which of the following best explains why productivity growth in the United States has been faster than in other leading industrialized nations?

Starting at point B in the diagram below,identify which combinations of points illustrate technological change.Give a brief explanation to support your answer.

Paul Romer,an economist at Stanford University,is most closely associated with what economic theory?

Suppose that in 2016,real GDP grew in Estonia by 3% and the population increased by 5%.Therefore,in 2016,Estonia experienced

Using the points on the diagram below,identify which combinations of these points illustrate diminishing returns to capital.Give a brief explanation to support your answer.

Countries that are more globalized tend to have

You are an economic advisor to the president.You are asked to recommend a policy to promote long-term economic growth in the economy.Which of the following policies would you choose?

Foreign portfolio investment occurs when an individual or firm buys stock or bonds issued in another country.

Which of the following government policies would most likely result in an increase in economic growth?

An increase in ________ shifts the production function ________,and makes it possible to produce a higher level of GDP with ________ capital per hour worked.

Over the past 50 years,deaths among children have

The "new economy" that emerged in the mid-1990s is based on

How does government support of health and education programs foster economic growth?

What features made England in the eighteenth century the place where the Industrial Revolution occurred?

If the slope of the per-worker production function is 1/4 in a given range,how will a $10,000 increase in capital per hour worked affect real GDP per hour worked in the same given range?

Figure 11-1 -Refer to Figure 11-1.Technological change is illustrated in the per-worker production function in the figure above by a movement from

If real GDP per capita in Ireland is estimated to be $7,400 in 2016,what will real GDP per capita be in 2021 if real GDP per capita grows at an annual rate of 2.8%?