Econ 251 | Economics homework help

Econ 251 | Economics homework help

Question 12 pts

Holding all else constant, a country’s standard of living will decline if its

[removed]	nominal GDP grows at a faster rate than real GDP.
[removed]	nominal GDP grows at a slower rate than real GDP.

[removed]	the rate of population growth exceeds the rate of growth of real GDP.
[removed]	the rate of population growth is less than the rate of growth of real GDP.

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Question 22 pts

Define economic growth. Why is it described as a process rather than an event?

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Question 32 pts

The skills, training, and education possessed by workers contribute to economic growth

[removed]	by increasing saving.
[removed]	by increasing the quantity of labor.

[removed]	by increasing real wages.
[removed]	by increasing the quality of labor.

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Question 42 pts

Towards the end of the twentieth century, some of the world’s more affluent countries experience robust growth. Which of the following is not linked to high growth performance?

[removed]	encouragement of competitive behavior
[removed]	liberal trade policies

[removed]	private sector research and development
[removed]	strict regulations in labor markets, for example strict employment protection legislation

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Question 52 pts

A change in the availability of natural resources will shift the aggregate production function.

[removed]	true
[removed]	false

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Question 62 pts

Economic growth occurs when

[removed]	nominal GDP increases.
[removed]	a nation’s capacity to produce increases.

[removed]	GDP per capita in the short run increases.
[removed]	there is a movement along the production possibility curve resulting in increased personal consumption expenditures.

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Question 72 pts

Which of the following is an example of an investment in human capital?

[removed]	accepting a job in the computer industry
[removed]	purchasing a computer to increase the productivity of your workers

[removed]	enrolling in a course to improve your computer skills
[removed]	installing a new piece of software on your computer which enables you to read documents online

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Question 82 pts

If an economy grows at a constant rate of 1.5% per year, it will not experience exponential growth.

[removed]	false
[removed]	true

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Question 92 pts

Increases in human capital will promote economic growth.

[removed]	false
[removed]	true

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Question 102 pts

Suppose the world’s population in 2000 is 6.3 billion and is projected to grow at a rate of 1.2% per year. In approximately what year will the world’s population be 12.6 billion?

[removed]	about the end of 2005
[removed]	in the year 2060

[removed]	in the year 3000
[removed]	in the year 2011

Econ 251 | Economics homework help

Question 12 pts

Holding all else constant, a country’s standard of living will decline if its

[removed]	nominal GDP grows at a faster rate than real GDP.
[removed]	nominal GDP grows at a slower rate than real GDP.

[removed]	the rate of population growth exceeds the rate of growth of real GDP.
[removed]	the rate of population growth is less than the rate of growth of real GDP.

Flag this Question

Question 22 pts

Define economic growth. Why is it described as a process rather than an event?

Keyboard Shortcuts

Font Sizes

Paragraph

Flag this Question

Question 32 pts

The skills, training, and education possessed by workers contribute to economic growth

[removed]	by increasing saving.
[removed]	by increasing the quantity of labor.

[removed]	by increasing real wages.
[removed]	by increasing the quality of labor.

Flag this Question

Question 42 pts

Towards the end of the twentieth century, some of the world’s more affluent countries experience robust growth. Which of the following is not linked to high growth performance?

[removed]	encouragement of competitive behavior
[removed]	liberal trade policies

[removed]	private sector research and development
[removed]	strict regulations in labor markets, for example strict employment protection legislation

Flag this Question

Question 52 pts

A change in the availability of natural resources will shift the aggregate production function.

[removed]	true
[removed]	false

Flag this Question

Question 62 pts

Economic growth occurs when

[removed]	nominal GDP increases.
[removed]	a nation’s capacity to produce increases.

[removed]	GDP per capita in the short run increases.
[removed]	there is a movement along the production possibility curve resulting in increased personal consumption expenditures.

Flag this Question

Question 72 pts

Which of the following is an example of an investment in human capital?

[removed]	accepting a job in the computer industry
[removed]	purchasing a computer to increase the productivity of your workers

[removed]	enrolling in a course to improve your computer skills
[removed]	installing a new piece of software on your computer which enables you to read documents online

Flag this Question

Question 82 pts

If an economy grows at a constant rate of 1.5% per year, it will not experience exponential growth.

[removed]	false
[removed]	true

Flag this Question

Question 92 pts

Increases in human capital will promote economic growth.

[removed]	false
[removed]	true

Flag this Question

Question 102 pts

Suppose the world’s population in 2000 is 6.3 billion and is projected to grow at a rate of 1.2% per year. In approximately what year will the world’s population be 12.6 billion?

[removed]	about the end of 2005
[removed]	in the year 2060

[removed]	in the year 3000
[removed]	in the year 2011

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