Week 4 Homework

A  capital deepening

B  technological gains

C  human capital

D  physical capital

A  promotion of education and training programs for workers

B  high taxes on companies that spend a lot on capital formation

C  the use of tax revenues for investment and capital formation

D  special subsidies for capital-intensive forms of production

A  supply

B  demand

C  dollars

D  productivity

A  one-fourth

B  triple

C  one-half

D  double

A  increased capital formation

B  the imposition of tariffs and quotas on imported goods

C  rapid population growth

D  an increase in marginal tax rates

A  Nigeria

B  Bolivia

C  Germany

D  Somalia

A  22%

B  32%

C  2%

D  12%

A  The invention of a threshing machine for harvesting grains.

B  Increased government funding of post-secondary education.

C  Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California.

D  Many citizens emigrating from Zimbabwe when a politically repressive regime took office.

A  economic growth

B  human capital

C  productivity

D  GDP per capita

A  averaged GDP growth

B  the unemployment rate.

C  the employment rate.

D  real GDP per capita.

A  population

B  technological challenges

C  geography and climate

D  government interventionism

A  a production function

B  an aggregate production function

C  physical capital

D  human capital

A  GDP per capita

B  technology

C  output

D  GNP

A  high rate of economic growth.

B  zero rate of population growth

C  high rate of labor force growth.

D  high rate of consumption.

A  an increase in the proportion of the population that is college educated

B  an increase in the standard of living

C  an increase in the average wage rate paid to workers

D  a decrease in the productivity of labor

A  economic output

B  GNP

C  GDP

D  GDP per capita

A  promote economic growth.

B  increase the tax deduction for child dependents.

C  increase welfare payments to the poor.

D  use less capital and more labor in the production process.

A  technology

B  a market orientation

C  human capital

D  physical capital

A  more resources are allocated to consumption goods.

B  the productivity of labor declines

C  taxes are imposed on investment in capital.

D  it devotes more resources to research and development.

A  a decrease in the quantity of labor due to emigration

B  the discovery of new oil reserves

C  a decline in the stock of physical capital

D  a decrease in the productivity of labor