Question 1

A decrease in the capital-labor ratio means

Accepted Answer

A) higher labor productivity because labor does more work 
B) lower labor productivity because labor is working with relatively less capital 
C) higher labor productivity because labor is producing less capital and more of other goods 
D) lower labor productivity because more capital is available 
E) higher labor productivity because more capital is available 
A) higher labor productivity because labor does more work 
B) lower labor productivity because labor is working with relatively less capital 
C) higher labor productivity because labor is producing less capital and more of other goods 
D) lower labor productivity because more capital is available 
E) higher labor productivity because more capital is available

Question 2

Education makes workers aware of the latest production techniques and more receptive to new approaches and methods.

Accepted Answer

A) True 
 B)False

Question 3

Productivity growth averaged approximately 3 percent per year between 1948 and 1973; since that time it has averaged approximately 5 percent annually.

Accepted Answer

A) True 
 B)False

A decrease in the capital-labor ratio means

Education makes workers aware of the latest production techniques and more receptive to new approaches and methods.

Productivity growth averaged approximately 3 percent per year between 1948 and 1973; since that time it has averaged approximately 5 percent annually.

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters

Exam 8: Productivity and Growth

A decrease in the capital-labor ratio means

Education makes workers aware of the latest production techniques and more receptive to new approaches and methods.

Productivity growth averaged approximately 3 percent per year between 1948 and 1973; since that time it has averaged approximately 5 percent annually.

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Aaggregate Expenditure and Aggregate Demand

Baggregate Expenditure and Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

Externalities and the Environment

International Finance

Economic Development

understanding Graphs

National Income Accounts

The Algebra of Demand-Side Equilibrium

Filters