Homework Answers
The rate of growth of real output inncreases at a rate slower tha the rate of increase in population. Hence the total GDP per person will experience a decline.
The corrrect option is therefore,
real output per capita would decrease.
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If the population of a nation expands at a faster rate than its rate of growth...
no explenation needed: Q1. If an economist wants to quickly assess the standards of living in...
no explenation needed: Q1. If an economist wants to quickly assess the standards of living in a nation, which one from the list below would be the best measure? A. Growth of nominal GDP. B. Growth of real GDP. C, Growth of national resources discoveries over last fifty years. D. Growth of real GDP per capita. Q2. In order to estimate the number of years required for real GDP to increase two-fold we need to: A. add 14 to annual...
otes more of its res B. Cause its producti its production possibilities curve to shift outward...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Identify the correct statement. a. Neither the initial development process nor the sustained growth of an...
Identify the correct statement. a. Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base. b. An increase in labor input necessarily increases output per capita. c. Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita. d. Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity shift the production possibilities curve inward. Oe. According to the...
I need some confirmation on how I scored on an AP Macroeconomics Assignment. If I get...
I need some confirmation on how I scored on an AP Macroeconomics Assignment. If I get something wrong, could you please tell me what the correct answer is, as well as why? Thanks! 1) Sources of economic growth would include an increase in: consumer spending. GDP. worker education. government spending. financial investment. (I put worker education) 2) Suppose real GDP per capita in Canada is $25,000 and its annual growth rate is 7%. Real GDP per capita for Canada will...
In the AD–AS diagram, an increase in money supply growth causes: a shift of the aggregate...
In the AD–AS diagram, an increase in money supply growth causes: a shift of the aggregate demand curve to the left. a shift of the aggregate demand curve to the right. a downward movement along the aggregate demand curve. an upward movement along the aggregate demand curve.
An increase in spending growth causes: A:an upward movement along the AD curve. B:a rightward shift...
An increase in spending growth causes: A:an upward movement along the AD curve. B:a rightward shift of the AD curve. C:a downward movement along the AD curve. D:a leftward shift of the AD curve.
Suppose a worker at a computer company rearranges existing machines and labor and increases production in...
Suppose a worker at a computer company rearranges existing machines and labor and increases production in the process. Using the production function, with output on the vertical axis and labor on the horizontal axis, this would be described as a. an upward shift of the curve combined with an upward movement along the curve. b. a movement upward along the curve. c. a movement downward along the curve. d. a downward shift of the curve. e. an upward shift of...
anc dns 9. Suppose the actual unemployment rate increases. This will cause C ) a. a...
anc dns 9. Suppose the actual unemployment rate increases. This will cause C ) a. a downward shift in the WS curve. ( ) b. a downward shift in the PS curve. ( c. an upward shift in the WS curves ( ) d. a movement along the PS curve. 10. Suppose that increased international trade makes product markets more competitive in the U.S. Given this information, we would expect to observe which of the following? ( a. an upward...
17. Match the statement affecting the production possibility curve with its graphical representation: New technology affecting...
17. Match the statement affecting the production possibility curve with its graphical representation: New technology affecting both industries A. inward shift of the curve B. a movement along the curve C. outward shift of the curve D. A rotation of the curve E. Point outside the curve F. point inside the curve 18. Match the statement affecting the production possibility curve with its graphical representation: An increase in consumer spending on one good but no change in consumer's income A....
4. Which of the following will cause an increase in output per worker in the long...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Identify the correct statement. a. Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base. b. An increase in labor input necessarily increases output per capita. c. Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita. d. Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity shift the production possibilities curve inward. Oe. According to the...
anc dns 9. Suppose the actual unemployment rate increases. This will cause C ) a. a downward shift in the WS curve. ( ) b. a downward shift in the PS curve. ( c. an upward shift in the WS curves ( ) d. a movement along the PS curve. 10. Suppose that increased international trade makes product markets more competitive in the U.S. Given this information, we would expect to observe which of the following? ( a. an upward...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
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