Week 4 Homework

A  capital deepening

B  human capital

C  physical capital

D  technological gains

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  demand

B  dollars

C  productivity

D  supply

A  one-half

B  double

C  triple

D  one-fourth

A  an increase in marginal tax rates

B  rapid population growth

C  the imposition of tariffs and quotas on imported goods

D  increased capital formation

A  Nigeria

B  Bolivia

C  Germany

D  Somalia

A  12%

B  2%

C  32%

D  22%

A  Increased government funding of post-secondary education.

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

C  The invention of a threshing machine for harvesting grains.

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

A  economic growth

B  productivity

C  GDP per capita

D  human capital

A  real GDP per capita.

B  averaged GDP growth

C  the unemployment rate.

D  the employment rate.

A  government interventionism

B  geography and climate

C  population

D  technological challenges

A  human capital

B  an aggregate production function

C  physical capital

D  a production function

A  GNP

B  GDP per capita

C  technology

D  output

A  high rate of economic growth.

B  high rate of consumption.

C  zero rate of population growth

D  high rate of labor force growth.

A  a decrease in the productivity of labor

B  an increase in the average wage rate paid to workers

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 per capita

C  GDP

D  GNP

A  increase welfare payments to the poor.

B  promote economic growth.

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

D  increase the tax deduction for child dependents.

A  technology

B  physical capital

C  a market orientation

D  human capital

A  the productivity of labor declines

B  more resources are allocated to consumption goods.

C  it devotes more resources to research and development.

D  taxes are imposed on investment in capital.

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