Week 4 Homework

A  technological gains

B  human capital

C  physical capital

D  capital deepening

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

B  promotion of education and training programs for workers

C  the use of tax revenues for investment and capital formation

D  special subsidies for capital-intensive forms of production

A  demand

B  productivity

C  dollars

D  supply

A  one-fourth

B  double

C  triple

D  one-half

A  increased capital formation

B  the imposition of tariffs and quotas on imported goods

C  an increase in marginal tax rates

D  rapid population growth

A  Somalia

B  Germany

C  Nigeria

D  Bolivia

A  2%

B  22%

C  12%

D  32%

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

B  The invention of a threshing machine for harvesting grains.

C  Increased government funding of post-secondary education.

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

A  GDP per capita

B  human capital

C  economic growth

D  productivity

A  averaged GDP growth

B  the employment rate.

C  the unemployment rate.

D  real GDP per capita.

A  technological challenges

B  geography and climate

C  government interventionism

D  population

A  a production function

B  physical capital

C  human capital

D  an aggregate production function

A  technology

B  GDP per capita

C  GNP

D  output

A  high rate of labor force growth.

B  high rate of consumption.

C  zero rate of population growth

D  high rate of economic growth.

A  an increase in the average wage rate paid to workers

B  a decrease in the productivity of labor

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

D  an increase in the standard of living

A  economic output

B  GDP

C  GNP

D  GDP per capita

A  increase welfare payments to the poor.

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

C  increase the tax deduction for child dependents.

D  promote economic growth.

A  physical capital

B  a market orientation

C  technology

D  human capital

A  more resources are allocated to consumption goods.

B  it devotes more resources to research and development.

C  the productivity of labor declines

D  taxes are imposed on investment in capital.

A  a decrease in the productivity of labor

B  a decrease in the quantity of labor due to emigration

C  the discovery of new oil reserves

D  a decline in the stock of physical capital