Multiple Choice
Many economists argue that Japan's remarkable long- run growth rate between 1950 and 1990 was largely due to Japan's
A) skilled labour force that developed over those forty years.
B) high consumption rate for high quality electronic products.
C) high national saving rate.
D) excessive amounts of money invested into research and development.
E) restrictive trade barriers which eliminated foreign competition.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Consider the equation GDP = F ×
Q13: An increase in potential GDP would most
Q14: The utilization rate for physical capital is
Q15: An estimate for the value of potential
Q16: Which of the following policies is most
Q18: In the long run, increases in potential
Q19: Changes in any of the following variables
Q20: A low factor- utilization rate describes _
Q21: An economy's current GDP is $100 billion,
Q22: Changes in factor supplies have little influence