MCQ_6 - Fall 2007 - Ionescu Intermediate Macroeconomics...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Fall 2007 - Ionescu Intermediate Macroeconomics Chapter 6 Self-check questions 1. The Golden Rule of capital accumulation maximizes the steady-state level of (a) output per worker. (b) capital per worker. (c) consumption per worker. (d) investment per worker. 2. In the Golden Rule steady state, the marginal product of capital is equal to the (a) savings rate plus the population growth rate. (b) population growth rate plus the depreciation rate. (c) depreciation rate plus the savings rate. (d) savings rate divided by the marginal product of labor. 3. The Solow residual attempts to measure the amount of output not explained by (a) technological progress. (b) the direct contribution of labor and capital. (c) economic projections. (d) the amount of a nationˆas human capital. 4. Growth accounting, popularized by Robert Solow, attempts to attribute a change in aggregate output (a) to its most important single cause. (b) separately between changes in government policy and changes in total factor productivity. (c) separately between changes in total factor productivity and changes in the supplies of factors of production. (d) separately between changes in the supplies of factors of production and changes in government
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

MCQ_6 - Fall 2007 - Ionescu Intermediate Macroeconomics...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online