Figure technological progress and productivity growth

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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 2 / Exercise 30
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
208.(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in foreign investment spending? A) A to B) B to C) B to D) both A to B and B B C A to C
209.(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in the quality (as well as quantity) of government spending on education? B A C B
210.(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in the quality (as well as quantity) of public health measures? B C A B
211.(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from a gradual decline in property rights because of excessive government intervention? B C B A
212.(Figure: Technological Progress and Productivity Growth) Look at the figure Page 40
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Mathematical Applications for the Management, Life, and Social Sciences
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Chapter 2 / Exercise 30
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from the deterioration of the nation's infrastructure over time? A) A to B) B to C) C to D) B to A B C B
213.South Korea has real GDP per capita of $25,000, while England has real GDP per capita of $50,000. If real GDP per capita in South Korea grows at 7% and England's real GDP per capita grows at 3.5%, how long will it take for real GDP per capita in the two nations to converge?
214.Sweden has real GDP per capita of $50,000, while Chile has real GDP per capita of $25,000. If real GDP per capita in Sweden grows at 2% and Chile's real GDP per capita grows at 4%, how long will it take for real GDP per capita in the two nations to converge?
215.Suppose that South Korea is growing at 7% per year and is producing real GDP per capita of about $28,000, while Norway is growing at 3.5% per year and is producing real GDP per capita of $56,000. If all else stays equal, the real GDP per capita for these two countries will converge in:

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