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tutorial1 - Name: _ Class: _ Date: _ ID: A ECON 2102...

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Name: ________________________ Class: ___________________ Date: __________ ID: A 2 ECON 2102 Macroeconomics 2 - Tutorial 1: Introduction to Economic Growth True/False Indicate whether the statement is true or false. ____ 1. Diminishing returns to labor implies that eventually the marginal product of labor will become negative. ____ 2. The marginal product of capital is how much output changes when capital increases by one unit. Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 3. World growth data shows that from 1960 to 2000: a. the US and other OECD countries grew at moderate rates. b. sub-Saharan African countries grew at low rates or declined. c. some countries particularly East Asian countries grew rapidly. d. all of the above. ____ 4. The US and other OECD countries had high levels of GDP per person in 2000 despite growing at a moderate rate from 1960 to 2000 because: a. of exploitation of foreign countries. b.
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tutorial1 - Name: _ Class: _ Date: _ ID: A ECON 2102...

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