Week 4 Homework

A  capital deepening

B  physical capital

C  human capital

D  technological gains

A  promotion of education and training programs for workers

B  the use of tax revenues for investment and capital formation

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

D  special subsidies for capital-intensive forms of production

A  supply

B  productivity

C  dollars

D  demand

A  triple

B  double

C  one-half

D  one-fourth

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  Germany

C  Somalia

D  Bolivia

A  12%

B  32%

C  22%

D  2%

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

B  The invention of a threshing machine for harvesting grains.

C  Increased government funding of post-secondary education.

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

A  human capital

B  GDP per capita

C  productivity

D  economic growth

A  the employment rate.

B  real GDP per capita.

C  averaged GDP growth

D  the unemployment rate.

A  government interventionism

B  technological challenges

C  geography and climate

D  population

A  a production function

B  an aggregate production function

C  physical capital

D  human capital

A  output

B  GNP

C  GDP per capita

D  technology

A  high rate of labor force growth.

B  zero rate of population growth

C  high rate of economic growth.

D  high rate of consumption.

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  GDP per capita

B  GNP

C  GDP

D  economic output

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  a market orientation

B  technology

C  physical capital

D  human capital

A  taxes are imposed on investment in capital.

B  more resources are allocated to consumption goods.

C  the productivity of labor declines

D  it devotes more resources to research and development.

A  a decline in the stock of physical capital

B  the discovery of new oil reserves

C  a decrease in the productivity of labor

D  a decrease in the quantity of labor due to emigration