Exam 24: Economic Growth: Theory and Policy

Which of the following is not one of the three pillars of productivity growth?

High levels of sales that spur high levels of investment spending is an example of a

According to the cost disease of the personal services, service activities that require direct personal contact

Which of the following countries has the lowest level of average educational attainment?

The fastest growing productivity increases in the United States have occurred in the personal services sector.

Two of the three pillars of labor productivity growth responsible for the changes in the United States after 1995 are technological change and

When the economy devotes more of its resources to investment goods, it must devote fewer resources to consumer goods.

In general, as the amount of labor input decreases, the amount of output

Given the economy's existing resources and technology, the only way to enjoy more consumer goods today is to

All of the following are reasonable explanations of the labor productivity speed-up in the United States except

Human capital is the amount of

Which of the following countries has the highest level of average educational attainment?

Describe the three pillars of productivity growth.

Which retail operation would have the lowest costs per book sold?

To stimulate investment spending, Congress would most likely decrease

Several countries in the world have failed to "converge" with industrialized countries.What does this mean about their economic growth rates? Explain why poorer countries have failed to "catch up", in terms of the pillars of economic growth.Are there any special problems facing these countries?

If a larger percentage of Americans attended college, the wage premium would probably

The poorest countries in Africa have some of the highest growth rates, thus proving the convergence hypothesis.

The Internet was first developed in the

College tuition expenses have risen from 1979 to 2009 by