If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?
Which of the following government policies is least likely to increase likely to increase growth in Africa ?
Our standards of living is most closely related to ?
Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?
Which of the following statements regarding the impact of population growth on productivity is true ?
If a production function exhibits constant returns to scale ?
For a given level of technology, we should expect an increase in productivity within a nation when there is an increase in each of the following except ?
Many East Asian countries are growing very quickly because ?
To increase growth, governments should do all of the following except ?
Which of the following expenditures to enhance productivity is most likely to emit a positive externality ?
If Toyota builds a new plant in the north of England ?
Which of the following is an example of foreign portfolio investment ?
Which of the following describes an increase in technological knowledge ?
Thomas Malthus argued that ?
Copper is an example of ?
Which of the following statements is true ?
The opportunity cost of growth is ?
When a national has very little GDP per person ?
A reasonable measure of the standard of living in a country is ?

Once a country is wealthy ?

A. it no longer needs any human capital
B. capital becomes more productive due to the “catch-up- effect”
C. none of these answers
D. it may be harder for it to grow quickly because of the diminishing returns to capital

Correct Answer: it may be harder for it to grow quickly because of the diminishing returns to capital ✔

Last Updated: June 11, 2019