Regarding economic growth, which of the following are components of economic growth a. investment b. technological...
Regarding economic growth, which of the following are components of economic growth
| a. |
investment |
|
| b. |
technological progress |
|
| c. |
growth in labor |
|
| d. |
all the above |
Homework Answers
Answer
Option d
all of the above
economic growth has the component of investment, technological progress, and resources like labor and new resources discoveries.
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Regarding economic growth, which of the following are components
of economic growth
a.
investment
b.
technological...
9. Which of the following is likely to affect the rate of economic growth? Group of...
9. Which of the following is likely to affect the rate of economic growth? Group of answer choices A. the quality of available resources B. the quantity of available resources C. technological change D. all of the above
Which of the following choices is a true statement about the roots of modern economic growth?...
Which of the following choices is a true statement about the roots of modern economic growth? Modern economic growth finds its roots in technological progress and industrialization. O Modern economic growth finds its roots in cultural factors. O Modern economic growth finds its roots in democratic political systems. Modern economic growth finds its roots in O democratic political systems. O technological progress and industrialization O cultural factors
Which is a demand factor in economic growth? More human and natural resources. Technological progress and...
Which is a demand factor in economic growth? More human and natural resources. Technological progress and innovation. An increase in the economy's stock of capital goods. An increase in total spending in the economy.
Which of the following are true of capital as a determinant of economic growth? Check all...
Which of the following are true of capital as a determinant of economic growth? Check all that apply. a. Capital investment decreases per capita real GDP. b. As consumption increases, capital formation also increases. c. Countries with higher investment rates tend to have higher growth rates. d. Technological advances allow more output from the same amount of capital.
In the Solow model with a positive rate of population growth n and technological progress z,...
In the Solow model with a positive rate of population growth n and technological progress z, the steady state level of total real output Y grows at the rate: a. n. b. zero. c. z. d. n + z. In the Solow model with a positive rate of population growth n and technological progress z, the steady state level of per worker real output y grows at the rate: a. n. b. zero. c. z. d. n + z. In...
3) Long-run economic growth requires all of the following except a. technological change. b. government provision...
3) Long-run economic growth requires all of the following except a. technological change. b. government provision of secure property rights. c. increases in capital per hour worked. d. political instability.
Consider the third stage of the Solow model of economic growth, with population growth and technological...
Consider the third stage of the Solow model of economic growth, with population growth and technological progress. (i) What is meant by a steady-state equilibrium? Use the capital accumulation equation in your answer. (ii) Illustrate an economy at a steady-state equilibrium. [There should be three curves in your diagram]
Select all that apply 2. Economic growth determinants Which of the following are true of labor...
Select all that apply
2. Economic growth determinants Which of the following are true of labor as a determinant of economic growth? Check all that apply. 0 O An increase in capital goods decreases labor productivity. An increase in the size of the labor force increases real GDP. Technological advances increase labor productivity. Education, training, and experience increase labor productivity. O
Link w DOC d. 16. nase 29. According to the Solow-Swan theory of long-run economic growth,...
Link w DOC d. 16. nase 29. According to the Solow-Swan theory of long-run economic growth, higher rates of saving for, equivalently, investment) lead to a higher income per person and higher consumption per person b. higher income per person and lower consumption per person c. higher income per person but not necessarily higher consumption per person d. higher consumption per person if the saving rate rises from an already high level and lower consumption per person if the saving...
1) Which of the following is NOT an argument about economic growth presented in this class?...
1) Which of the following is NOT an argument about economic growth presented in this class? Group of answer choices A) Economic growth is desirable B) Economic growth is not desirable C) Economic growth is necessary but is NOT desirable in any way D) Economic growth is not only desirable but also necessary E) All of the above are arguments presented in this class 2) One argument concerning economic growth made the following argument. Without economic growth, there would likely...
Which of the following choices is a true statement about the roots of modern economic growth? Modern economic growth finds its roots in technological progress and industrialization. O Modern economic growth finds its roots in cultural factors. O Modern economic growth finds its roots in democratic political systems. Modern economic growth finds its roots in O democratic political systems. O technological progress and industrialization O cultural factors
Select all that apply
2. Economic growth determinants Which of the following are true of labor as a determinant of economic growth? Check all that apply. 0 O An increase in capital goods decreases labor productivity. An increase in the size of the labor force increases real GDP. Technological advances increase labor productivity. Education, training, and experience increase labor productivity. O
Link w DOC d. 16. nase 29. According to the Solow-Swan theory of long-run economic growth, higher rates of saving for, equivalently, investment) lead to a higher income per person and higher consumption per person b. higher income per person and lower consumption per person c. higher income per person but not necessarily higher consumption per person d. higher consumption per person if the saving rate rises from an already high level and lower consumption per person if the saving...
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