Question 1

Evidence that convergence occurs within economies is drawn in part from the example of ________.

Accepted Answer

A) Hiroshima and Nagasaki Japan 
B) North and South Korea 
C) West and East Germany during the Cold War 
D) Hong Kong and Singapore 
A) Hiroshima and Nagasaki Japan 
B) North and South Korea 
C) West and East Germany during the Cold War 
D) Hong Kong and Singapore

Question 2

Figure 6.1  
-According to Figure 6.1,the average annual rate of growth of the U.S.economy in the period 1996-2011 equalled ________.

Accepted Answer

A) 0.3 percent 
B) 2.2 percent 
C) 30 percent 
D) 300 percent 
A) 0.3 percent 
B) 2.2 percent 
C) 30 percent 
D) 300 percent

Question 3

If productivity growth equals 3.0 percent,the contribution from capital growth 1.2 percent and the contribution from labor growth 2.0 percent,then output growth must equal ________.

Accepted Answer

A) 2.2 percent 
B) 4.2 percent 
C) 6.2 percent 
D) 7.2 percent 
A) 2.2 percent 
B) 4.2 percent 
C) 6.2 percent 
D) 7.2 percent

Question 4

The slowdown in U.S.economic growth in the period 1974-95 was primarily caused by ________.

Accepted Answer

A) falling labor growth 
B) falling capital growth 
C) falling productivity growth 
D) none of the above 
A) falling labor growth 
B) falling capital growth 
C) falling productivity growth 
D) none of the above

Question 5

If an economy initially starts away from the steady state ________.

Accepted Answer

A) output will gradually fall over time 
B) the economy will converge to the steady state in the long-run 
C) consumption spending must be greater than investment spending 
D) consumption spending must rise 
A) output will gradually fall over time 
B) the economy will converge to the steady state in the long-run 
C) consumption spending must be greater than investment spending 
D) consumption spending must rise

Question 6

If an economy invests more than it loses through depreciation ________.

Accepted Answer

A) the saving rate will fall 
B) the saving rate will rise 
C) the quantity of labor will fall 
D) the capital stock will expand 
A) the saving rate will fall 
B) the saving rate will rise 
C) the quantity of labor will fall 
D) the capital stock will expand

Evidence that convergence occurs within economies is drawn in part from the example of ________.

Figure 6.1 -According to Figure 6.1,the average annual rate of growth of the U.S.economy in the period 1996-2011 equalled ________.

If productivity growth equals 3.0 percent,the contribution from capital growth 1.2 percent and the contribution from labor growth 2.0 percent,then output growth must equal ________.

The slowdown in U.S.economic growth in the period 1974-95 was primarily caused by ________.

If an economy initially starts away from the steady state ________.

If an economy invests more than it loses through depreciation ________.

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

Exam 6: The Sources of Growth and the Solow Model

Evidence that convergence occurs within economies is drawn in part from the example of ________.

Figure 6.1 -According to Figure 6.1,the average annual rate of growth of the U.S.economy in the period 1996-2011 equalled ________.

If productivity growth equals 3.0 percent,the contribution from capital growth 1.2 percent and the contribution from labor growth 2.0 percent,then output growth must equal ________.

The slowdown in U.S.economic growth in the period 1974-95 was primarily caused by ________.

If an economy initially starts away from the steady state ________.

If an economy invests more than it loses through depreciation ________.

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