Week 4 Homework

A  capital deepening

B  technological gains

C  human capital

D  physical capital

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  supply

C  productivity

D  dollars

A  one-half

B  triple

C  double

D  one-fourth

A  rapid population growth

B  the imposition of tariffs and quotas on imported goods

C  an increase in marginal tax rates

D  increased capital formation

A  Nigeria

B  Germany

C  Bolivia

D  Somalia

A  32%

B  2%

C  22%

D  12%

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

B  Increased government funding of post-secondary education.

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

D  The invention of a threshing machine for harvesting grains.

A  human capital

B  GDP per capita

C  economic growth

D  productivity

A  real GDP per capita.

B  the employment rate.

C  averaged GDP growth

D  the unemployment rate.

A  geography and climate

B  technological challenges

C  population

D  government interventionism

A  an aggregate production function

B  physical capital

C  a production function

D  human capital

A  technology

B  GDP per capita

C  output

D  GNP

A  high rate of labor force growth.

B  high rate of consumption.

C  high rate of economic growth.

D  zero rate of population growth

A  an increase in the standard of living

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

C  an increase in the average wage rate paid to workers

D  a decrease in the productivity of labor

A  GDP

B  GDP per capita

C  GNP

D  economic output

A  increase welfare payments to the poor.

B  increase the tax deduction for child dependents.

C  promote economic growth.

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

A  human capital

B  a market orientation

C  physical capital

D  technology

A  the productivity of labor declines

B  taxes are imposed on investment in capital.

C  it devotes more resources to research and development.

D  more resources are allocated to consumption goods.

A  the discovery of new oil reserves

B  a decrease in the productivity of labor

C  a decline in the stock of physical capital

D  a decrease in the quantity of labor due to emigration