Page Ref: 744/362Learning Outcome: Macro-4: Explain the sources of productivity growth.160) In the United States, the number of hours worked per person has decreased since 1800.How would growth rates since 1800 be different if they were calculated for real GDP percapita instead of GDP per hour worked?161) One of the primary reasons that Mexico has had trouble attracting foreign investment and hastherefore experienced relatively low rates of economic growth is160)Answer: Because the number of hours worked per person in the United States hasdecreased in the years since 1800, the growth rates would be lower if they werecalculated for real GDP per capita instead of per hour worked.Page Ref: 744-745/362-363Learning Outcome: Macro-4: Explain the sources of productivity growth.MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.A) the failure to enforce the rule of law.B) low rates of saving and investment.C) persistent wars between Mexico and its neighboring countries.D) poor public education and health.Answer: A161)Page Ref: 731/349Learning Outcome: Macro-4: Explain the sources of productivity growth.162) The economic growth model predicts that162)Page Ref: 747/365Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories.39
163) Which of the following is a true statement regarding the economic growth modelʹs predictionsand how it actually affects the real world?163)Page Ref: 747/365Learning Outcome: Macro-17: Discuss the fundamentals of key macroeconomic theories.
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- Summer '19
- Economics, Harshad number, per capita, Page Ref, Disasters of Partisan Prohibitions