Exam 7: Production and Growth

Some economists argue that it is possible to raise the standard of living by reducing population growth.As an economist interested in incentives rather than coercion,what kind of policy would you recommend to slow population growth?

What is the key difference between Thomas Malthus and Michael Kremer's theories about population growth?

Suppose a country were to increase its saving rate.In the long run,what would also increase?

What is an effect of outward-oriented policies?

Real GDP per person is $25,000 in Aquilonia,$20,000 in Nemedia,$15,000 in Shem,and $10,000 in Zexa.Saving per person is $2000 in all three countries.Other things equal,what would we expect?

Which statement illustrates an implication of investment from abroad?

What is one of the consequences of accumulating capital?

Economists differ in their views of the role of the government in promoting economic growth.According to the text,at the very least,what should the government do?

According to an economist,what kind of goods are national defence and knowledge?

Suppose that real GDP grew more in Country A than in Country B last year.What does this imply concerning productivity or standard of living?

Michael Kremer found that world growth rates have increased as world population has.