Week 4 Homework

A  capital deepening

B  technological gains

C  human capital

D  physical capital

A  the use of tax revenues for investment and capital formation

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

C  promotion of education and training programs for workers

D  special subsidies for capital-intensive forms of production

A  dollars

B  supply

C  demand

D  productivity

A  one-half

B  one-fourth

C  triple

D  double

A  the imposition of tariffs and quotas on imported goods

B  rapid population growth

C  an increase in marginal tax rates

D  increased capital formation

A  Somalia

B  Bolivia

C  Nigeria

D  Germany

A  12%

B  32%

C  22%

D  2%

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

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

C  The invention of a threshing machine for harvesting grains.

D  Increased government funding of post-secondary education.

A  human capital

B  economic growth

C  GDP per capita

D  productivity

A  the unemployment rate.

B  real GDP per capita.

C  the employment rate.

D  averaged GDP growth

A  population

B  geography and climate

C  government interventionism

D  technological challenges

A  physical capital

B  an aggregate production function

C  human capital

D  a production function

A  technology

B  GNP

C  GDP per capita

D  output

A  high rate of economic growth.

B  high rate of consumption.

C  high rate of labor force growth.

D  zero rate of population growth

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

B  an increase in the average wage rate paid to workers

C  a decrease in the productivity of labor

D  an increase in the standard of living

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  physical capital

B  technology

C  a market orientation

D  human capital

A  it devotes more resources to research and development.

B  the productivity of labor declines

C  taxes are imposed on investment in capital.

D  more resources are allocated to consumption goods.

A  a decline in the stock of physical capital

B  a decrease in the productivity of labor

C  the discovery of new oil reserves

D  a decrease in the quantity of labor due to emigration