Question 1

Decreasing returns to capital (K) implies that a 4% increase in K will cause

Accepted Answer

A)  a reduction in output per worker (Y / N) .
B)  a reduction in K / N.
C)  Y to increase by exactly 4%.
D)  Y to increase by less than 4%.
E)  no change in Y / N.

Question 2

By 2009,which of the following countries had the highest level of real output per capita?

Accepted Answer

A)  United States
B)  France
C)  Japan
D)  United Kingdom

Question 3

For this question,assume that a country experiences a permanent reduction in its saving rate.Which of the following will occur as a result of this reduction in the saving rate?

Accepted Answer

A)  a permanently slower growth rate of output.
B)  no permanent effect on the level of output per capita.
C)  a permanently lower level of output per worker.
D)  both A and B
E)  both B and C

Question 4

Of the following,the most often used measure of changing living standards is

Accepted Answer

A)  the growth rate of nominal GDP.
B)  the growth rate of real GDP.
C)  the growth rate of nominal GDP per capita.
D)  the growth rate of real GDP per capita.
E)  unemployment per capita.

Question 5

Suppose the capital stock increases by 10% and the number of employed workers increases by 5%.Given this information,explain what will happen to output and to output per worker.

Accepted Answer

The level of output will obviously incre...

Question 6

Given the narrow interpretation of technology,technology will include which of the following?

Accepted Answer

A)  how well firms are run
B)  the organization and sophistication of markets
C)  the political environment
D)  none of the above

Exam 10: The Facts of Growth

Given the narrow interpretation of technology,technology will include which of the following?

Correct Answer
verified

Suppose the capital stock increases by 10% and the number of employed workers increases by 5%.Given this information,explain what will happen to output and to output per worker.

Correct Answer
verified
The level of output will obviously incre...
View Answer

By 2009,which of the following countries had the highest level of real output per capita?

Correct Answer
verified

For this question,assume that a country experiences a permanent reduction in its saving rate.Which of the following will occur as a result of this reduction in the saving rate?

Correct Answer
verified

Of the following,the most often used measure of changing living standards is

Correct Answer
verified

Decreasing returns to capital (K) implies that a 4% increase in K will cause

Correct Answer
verified

Exam 10: The Facts of Growth

Given the narrow interpretation of technology,technology will include which of the following?

Correct AnswerverifiedShow Answer

Suppose the capital stock increases by 10% and the number of employed workers increases by 5%.Given this information,explain what will happen to output and to output per worker.

Correct AnswerverifiedThe level of output will obviously incre...View AnswerShow Answer

By 2009,which of the following countries had the highest level of real output per capita?

Correct AnswerverifiedShow Answer

For this question,assume that a country experiences a permanent reduction in its saving rate.Which of the following will occur as a result of this reduction in the saving rate?

Correct AnswerverifiedShow Answer

Of the following,the most often used measure of changing living standards is

Correct AnswerverifiedShow Answer

Decreasing returns to capital (K) implies that a 4% increase in K will cause

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
The level of output will obviously incre...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified