Chapter 9 PQ

Chapter 9 PQ - Exam Name_ MULTIPLE CHOICE. Choose the one...

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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question 1) If the growth rate of real GDP rises from 3% to 4%, the number of years required to double real GDP will decrease from A) 23.3 years to 20 .6 years. B) 11.2 years to 10.8 years. C) 28.0 years to 21.0 years. D) 23.3 years to 17.5 years. 1) 2) Human capital refers to which of the following? A) the quantity of goods and services that can be produced by one worker or by one hour of work B) manufactured goods that are used to produce other goods and services C) the accumulated knowledge and skills workers acquire from education and training or from their life experiences D) physical equipment that is made by human laborers, not machines 2) 3) Botswana's rapid growth can be explained by A) investment in human capital from 1960 through 2007. B) protection of private property and avoiding political instability. C) the movement of workers from the agricultural sector to the manufacturing sector.
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Chapter 9 PQ - Exam Name_ MULTIPLE CHOICE. Choose the one...

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