A domestic downside to a policy that increases education is that _______ A. human capital has...
A domestic downside to a policy that increases education is that _______
A. human capital has no link to labor productivity.
B. it decreases natural resources.
C. there are already enough people with college degrees.
D. people must forgo current wages to invest in education.
Which of the following is measured by the growth rate of real GDP per person?
A.Changes in the level of well-being in a country.
B. Growth rate of nominal GDP.
C. Human capital.
D. Foreign direct investment.
Homework Answers
A.If people decide to get more educated, then they have to leave their jobs and forego their wages.
Answer-D
B.Change in real GDP per capita is used to measure the level of well being of the people of a country.
Answer-A
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A domestic downside to a policy that increases education is that
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7. The gross domestic product (GDP) in a Fultonland in 2012 is S8 billion. The income...
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Complete the table by calculating physical capital per worker as well as labour productivity. Hint: Recall...
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If the world price is above the domestic equilibrium price, the
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1) A good measure of the standard of living is A) real GDP per capita B)...
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3. Productivity and growth policies Consider a small Island country whose only Industry is fishing. The following table shows Information about the small economy in two different years Complete the table by calculating physical capital per worker as well as labor productivity. Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital (Fishing poles) 120...
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27. If the U.S. government takes the value of in-kind transfers into consideration, the U.S. poverty rate decreases. True False 29. The balance of payments is the domestic price of a foreign currency. True False 30. The inequality trap has a negative impact on human capital development. True False 31. According to Rostow's stages of economic development, poor nations must increase their farm productivity so that some workers can leave farming and move into other industries. True False 32. The...
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
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(1)
If the world price is above the domestic equilibrium price, the
domestic country is likely to ____________________ the good.
(2)
The difference between what an economy sells to and buys from
foreigners is _________________.
(3)
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cost of living across international boundaries is called
__________________________.
(4)
In the graph below, when the world price is $3, how many units
are...
3. Productivity and growth policies Consider a small island country whose only industry is fishing. The following table shows information about Complete the table by calculating physical capital per worker as well as labor productivity Hint: Recall that productivity is defined as the amount of goods and services a worker can produce per hour. In this problem, measure productivity as the quantity of goods per hour of labor. Physical Capital Labor Force Physical Capital per Worker (Fishing poles) Labor Hours...
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