2010_Econ%20110A%20blanchard%204e%20Ch%2010%20HomeworkQuestions

2010_Econ%20110A%20blanchard%204e%20Ch%2010%20HomeworkQuestions

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Econ 110A Ch 10 Homework Questions Please, do not use a calculator or any other devices such as cell phones or computers. 1. According to a historical GDP data, among the OECD countries A. the poorer countries have had higher growth rates than the richer ones. B. the richer countries give away more of their output than the poorer ones. C. the richer countries have had higher growth rates than the poorer ones D. the procedures for measuring output per capita have been changing. 2. Assume that the production function exhibits constant returns to scale. As capital per worker increases, output per worker A. increases. B. decreases. C. does not change. D. doubles. 3. Assume that the production function exhibits constant returns to scale and decreasing returns to capital. As capital per worker continues to increase by a constant amount, output per worker continues to increase by A. a constant amount. B. a smaller amount. C. a larger amount. 4. Assume that there are decreasing returns to capital, decreasing returns to labor, and constant
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2010_Econ%20110A%20blanchard%204e%20Ch%2010%20HomeworkQuestions

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