Question 1

According to the Solow model,a benefit of policies to limit population growth might be ________.

Accepted Answer

A) that smaller families are more likely to contribute to technological advances 
B) that smaller families have better access to birth control methods and devices 
C) that smaller families might provide each person a larger share of national income 
D) that smaller families have less need to save,and so enjoy higher consumption 
A) that smaller families are more likely to contribute to technological advances 
B) that smaller families have better access to birth control methods and devices 
C) that smaller families might provide each person a larger share of national income 
D) that smaller families have less need to save,and so enjoy higher consumption

Question 2

Productivity growth can be measured ________.

Accepted Answer

A) by dividing output by Kt0.3 Lt0.7 
B) by adding the contributions from capital growth and labor growth 
C) by subtracting the contributions from capital growth and labor growth from the growth of output 
D) by dividing the growth of output by the contributions from capital growth and labor growth 
A) by dividing output by Kt0.3 Lt0.7 
B) by adding the contributions from capital growth and labor growth 
C) by subtracting the contributions from capital growth and labor growth from the growth of output 
D) by dividing the growth of output by the contributions from capital growth and labor growth

Question 3

If the contribution from capital growth equals 3 percent and the contribution from productivity growth equals 1.6 percent,GDP will grow by ________.

Accepted Answer

A) 1.6 percent 
B) 4.6 percent 
C) 4.8 percent 
D) an unknown value 
A) 1.6 percent 
B) 4.6 percent 
C) 4.8 percent 
D) an unknown value

Question 4

Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20   
,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?

Accepted Answer

The steady-state capital-labor ratio k*

Question 5

If investment per-worker equals some value X,and depreciation per-worker equals some value Z,then the change in the capital stock per-worker is equal to ________.

Accepted Answer

A) X+Z 
B) X-Z 
C) X times Z 
D) X divided by Z 
A) X+Z 
B) X-Z 
C) X times Z 
D) X divided by Z

Question 6

On the Solow Diagram,an increase in population growth is shown by ________.

Accepted Answer

A) an upward shift of the depreciation plus capital dilution line 
B) an upward shift of the investment function 
C) an upward shift of the per-worker production function 
D) a downward shift of the investment function 
A) an upward shift of the depreciation plus capital dilution line 
B) an upward shift of the investment function 
C) an upward shift of the per-worker production function 
D) a downward shift of the investment function

Question 7

The economic growth of the United States over the last half-century ________.

Accepted Answer

A) is best understood as the result of high levels of saving and investment 
B) is quite similar to the experience of most other economies 
C) was driven by rising import purchases 
D) has been slower than growth in several other economies 
A) is best understood as the result of high levels of saving and investment 
B) is quite similar to the experience of most other economies 
C) was driven by rising import purchases 
D) has been slower than growth in several other economies

Question 8

The economic growth of the United States over the last half-century ________.

Accepted Answer

A) is best understood as the result of high levels of saving and investment 
B) is quite unlike the experience of most other economies 
C) was driven by rising import purchases 
D) has been faster than in any other economy 
A) is best understood as the result of high levels of saving and investment 
B) is quite unlike the experience of most other economies 
C) was driven by rising import purchases 
D) has been faster than in any other economy

According to the Solow model,a benefit of policies to limit population growth might be ________.

Productivity growth can be measured ________.

If the contribution from capital growth equals 3 percent and the contribution from productivity growth equals 1.6 percent,GDP will grow by ________.

Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20 ,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?

If investment per-worker equals some value X,and depreciation per-worker equals some value Z,then the change in the capital stock per-worker is equal to ________.

On the Solow Diagram,an increase in population growth is shown by ________.

The economic growth of the United States over the last half-century ________.

The economic growth of the United States over the last half-century ________.

The Policy and Practice of Macroeconomics

Measuring Macroeconomic Data

Aggregate Production and Productivity

Saving and Investment in Closed and Open Economies

Money and Inflation

Drivers of Growth: Technology, policy, and Institutions

Business Cycles: an Introduction

The Is Curve

Monetary Policy and Aggregate Demand

Aggregate Supply and the Phillips Curve

The Aggregate Demand and Supply Model

Macroeconomic Policy and Aggregate Demand and Supply Analysis

The Financial System and Economic Growth

Financial Crises and the Economy

Fiscal Policy and the Government Budget

Exchange Rates and International Economic Policy

Consumption and Saving

Investment

The Labor Market, employment, and Unemployment

The Role of Expectations in Macroeconomic Policy

Modern Business Cycle Theory

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Exam 6: The Sources of Growth and the Solow Model

According to the Solow model,a benefit of policies to limit population growth might be ________.

Productivity growth can be measured ________.

If the contribution from capital growth equals 3 percent and the contribution from productivity growth equals 1.6 percent,GDP will grow by ________.

Consumption per worker is 72,depreciation is 12.5%,and capital per worker is 64.Given the production function y = 20 ,show that this economy is in a steady state.If the saving rate should double,what is the new steady-state level of consumption per worker?

If investment per-worker equals some value X,and depreciation per-worker equals some value Z,then the change in the capital stock per-worker is equal to ________.

On the Solow Diagram,an increase in population growth is shown by ________.

The economic growth of the United States over the last half-century ________.

The economic growth of the United States over the last half-century ________.

The Policy and Practice of Macroeconomics

Measuring Macroeconomic Data

Aggregate Production and Productivity

Saving and Investment in Closed and Open Economies

Money and Inflation

Drivers of Growth: Technology, policy, and Institutions

Business Cycles: an Introduction

The Is Curve

Monetary Policy and Aggregate Demand

Aggregate Supply and the Phillips Curve

The Aggregate Demand and Supply Model

Macroeconomic Policy and Aggregate Demand and Supply Analysis

The Financial System and Economic Growth

Financial Crises and the Economy

Fiscal Policy and the Government Budget

Exchange Rates and International Economic Policy

Consumption and Saving

Investment

The Labor Market, employment, and Unemployment

The Role of Expectations in Macroeconomic Policy

Modern Business Cycle Theory

Filters