chap06 - Macroeconomics,3e(Williamson) Chapter6 Economic...

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  Macroeconomics, 3e  (Williamson)  Chapter 6   
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Economic  Growth:  Malthus  and Solow
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1) 
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If changes  in  economic policy could cause the growth rate of real GDP to increase by 1% per year for 100 years, then  GDP would be ________ % higher after 100 years than it would have been otherwise.  A) 
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1.3  B) 
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2.0  C) 
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2.7  D) 
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3.8  Answer:  
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Question Status:  
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Previous Edition 2) 
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In an  exogenous growth model, growth is caused by  A) 
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capital  accumulation.  B) 
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government  policies.  C) 
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human capital  accumulation.  D) 
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forces that are  not explained by the model itself.  Answer:  
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Question Status:  
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Previous Edition 3) 
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The idea  that an  improvement in technology causes an increase in population but causes no increase in the average  standard of living is attributed to  A) 
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Adam Smith.  B) 
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Thomas  Malthus.  C) 
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Robert Solow.  D) 
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Milton  Friedman.  Answer:  
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Question Status:  
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Previous Edition 4) 
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The  Malthusian model performs poorly in explaining economic growth after the  A) 
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French  Revolution.  B) 
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American  Revolution.  C) 
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Industrial  Revolution.  D) 
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Bio - technology  Revolution.  Answer:  
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Question Status:  
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This note was uploaded on 08/27/2011 for the course ECON 101 taught by Professor Dumbass during the Spring '08 term at UCSB.

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chap06 - Macroeconomics,3e(Williamson) Chapter6 Economic...

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