Quiz_221 - 47 RefertoFigure22-2.,...

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47) Refer to Figure 22 - 2. Assuming no technological change, if the United States increases capital per hour worked by $40,000 every year between 2010 and 2014, we would expect to see A) real GDP per hour worked will increase by the same increment each year between 2010 and 2014. B) the per - worker production function will shift up every year there is increase in capital per hour worked. C) the per - worker production function will get flatter over time. D) real GDP per hour worked will be lower in 2014 than it was in 2010. 47) Answer: C Diff: 2 Page Ref: 721/315 Topic: Per - Worker Production Function Learning Outcome: Macro 4: Explain the sources of productivity growth AACSB: Analytic Skills 48) According to new growth theory, 48) Diff: 2 Page Ref: 722/316 Topic: New Growth Theory Learning Outcome: Macro 17: Discuss the fundamentals of key macroeconomics theories AACSB: Reflective Thinking 49) Paul Romer, an economist at Stanford University, is most closely associated with what economic theory? 49) Diff: 1 Page Ref: 722/316 Topic: New Growth Theory Learning Outcome: Macro 17: Discuss the fundamentals of key macroeconomics theories AACSB: Reflective Thinking
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  • Spring '11
  • Lee
  • Economics, Prime number, AACSB

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