Chapter_11

Chapter_11 - Macroeconomics Test Yourself Chapter11 1. In...

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Macroeconomics Test Yourself Chapter11 1. In the long-run steady state, which of the following is affected by an economy's rate of saving? a. output per worker. b. capital per worker. c. the level of investment. d. all of the above. e. none of the above. 2. In the long-run, an increase in the rate of saving will not change a. output per worker. b. capital per worker. c. the total stock of capital in the economy. d. the total value of saving in the economy. e. the growth rate of output. 3. In the long-run, which of the following implies a greater output per worker? a. an increase in the saving rate. b. a decrease in the depreciation rate. c. an increase in the stock of physical capital. d. an increase in the stock of human capital. e. all of the above. 4. Which of the following statements is always true? a. Investment and the capital stock are equal. b. Investment equals the capital stock minus depreciation. c. The capital stock is equal to investment minus depreciation. d. The increase in the capital stock is equal to investment minus depreciation. e. The increase in investment is equal to the capital stock minus depreciation. 5. Which of the following is a flow variable (as opposed to a stock variable)? a. investment. b. saving. c. depreciation. d. all of the above. e. none of the above. 6. In the absence of technological progress, which of the following remains constant in the steady state? a. Capital per worker. b. Output per worker. c. Investment per worker. d. all of the above. e. none of the above.
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Page 2 7. After a country has had a large part of its capital stock destroyed (say, in a war that is now over), we expect a. a relatively low growth rate for some time.
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Chapter_11 - Macroeconomics Test Yourself Chapter11 1. In...

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