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5.We can illustrate the economic growth model using the per-worker production function, which is the relationship...

5.We can illustrate the economic growth model using the per-worker production function, which is the relationship between ______, holding the level of technology constant.

A.real GDP per capita and capital per capita

B.real GDP per hour worked and capital per hour worked

C.nominal GDP per capita and capital per capita

D.nominal GDP per hour worked and capital per hour worked

6.Why has productivity growth in the U.S. been more rapid than in the other industrialized countries?

A.Because of the greater flexibility of U.S. labor markets and the greater efficiency of the financial system.

B.Because the U.S. government has more restrictive but also more effective regulations that makes the labor and output markets more efficient.

C.Because the opportunity cost of being unemployed is lower in the U.S. than in other countries.

D.All of the above.

7.The slope of the consumption function is equal to

A.the change in consumption divided by the change in disposable income.

B.the change in consumption divided by the change in personal income.

C,the change in disposable income divided by the change in consumption.

D.the change in national income divided by the change in consumption.
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