Quiz_210 - 14 , bespending A B C moretimein

Quiz_210 - 14 , bespending A B C moretimein

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14) Economist Robert Fogel has estimated that by the year 2040, individuals in the United States willbe spending A) less time in the workforce and more time in leisure activities than they do today.B) more time in the workforce and less time in leisure activities than they do today.C) more time in the workforce and more time in leisure activities than they do today.D) less time in the workforce and less time in leisure activities than they do today.Answer: A 14) Diff: 1 Page Ref: 680 - 681/274 - 275 Topic: Long - Run Economic Growth Learning Outcome: Macro 1: Define macroeconomics and identify its basic concerns AACSB: 15) If real GDP grows by 3% in 2009, 3.2% in 2010, and 2.5% in 2011, what is the average annualgrowth rate of real GDP? 15) Diff: 2 Page Ref: 681/275 Topic: Calculating Growth Rates Learning Outcome: Macro 1: Define macroeconomics and identify its basic concerns AACSB: Analytic Skills 16) Countries with high rates of economic growth tend to have 16) Diff: 1 Page Ref: 682/276 Topic: Labor Productivity Learning Outcome: Macro 1: Define macroeconomics and identify its basic concerns AACSB: Reflective Thinking 17) According to theʺRule of 70ʺ, how many years will it take for real GDP per capita to double whenthe growth rate of real GDP per capita is 5%? 17) Diff: 2 Page Ref: 682/276 Topic: The Rule of 70 Learning Outcome: Macro 1: Define macroeconomics and identify its basic concerns AACSB: Analytic Skills
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  • Spring '11
  • Lee
  • Economics, AACSB, Page Ref

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