Economics: The Basics 1st Edition by Mike Mandel

Exercise 4

Say whether each of the following is likely to make real GDP for the United States rise or fall. Also identify what kind of input each of the following affects (labor, human capital, physical capital, raw materials, or knowledge).
a) An increase in the number of college graduates.
b) A war in the Middle East that cuts off the supply of oil to the rest of the world.
c) A new technology that speeds up the construction of homes.
d) An investment in new airports that cuts the number of flight delays.
e) An earthquake that destroys a factory.
f) Improved cash registers in stores.
g) More immigrants entering the country.