Throughout human history we know that:
A. all countries were able to establish periods of high levels of real GDP per capita.
B. most countries were only able to establish a few decades of high levels of real GDP
per capita.
C. not until the early 19th century were a few countries able to establish sustained
long-run economic growth.
D. all countries will eventually return to very low levels of real GDP per capita.
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C. not until the early 19th century were a few countries able to establish
sustained long-run economic growth.
Which of the following individuals can be counted as part of the labor force?
A. Dawnelle, who retired four months ago
B. Meredith, who is collecting unemployment benefits
, C. Damien, who just celebrated his fifteenth birthday
D. Silvia, who is on active military duty in Iraq
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B. Meredith, who is collecting unemployment benefits
Oil shocks, the shift from manufacturing to service jobs, and the use of new
technologies are reasons for _____unemployment.
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Structural
Which of the following would decrease national output?
A. a new idea to improve the production process
B. a natural disaster that destroys some capital
C. an increase in human capital
D. an increase in labor
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B. a natural disaster that destroys some capital
The value of a car produced and sold in 2000, and sold again in 2008, should be
included in GDP for:
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A. all countries were able to establish periods of high levels of real GDP per capita.
B. most countries were only able to establish a few decades of high levels of real GDP
per capita.
C. not until the early 19th century were a few countries able to establish sustained
long-run economic growth.
D. all countries will eventually return to very low levels of real GDP per capita.
Give this one a try later!
C. not until the early 19th century were a few countries able to establish
sustained long-run economic growth.
Which of the following individuals can be counted as part of the labor force?
A. Dawnelle, who retired four months ago
B. Meredith, who is collecting unemployment benefits
, C. Damien, who just celebrated his fifteenth birthday
D. Silvia, who is on active military duty in Iraq
Give this one a try later!
B. Meredith, who is collecting unemployment benefits
Oil shocks, the shift from manufacturing to service jobs, and the use of new
technologies are reasons for _____unemployment.
Give this one a try later!
Structural
Which of the following would decrease national output?
A. a new idea to improve the production process
B. a natural disaster that destroys some capital
C. an increase in human capital
D. an increase in labor
Give this one a try later!
B. a natural disaster that destroys some capital
The value of a car produced and sold in 2000, and sold again in 2008, should be
included in GDP for:
Give this one a try later!
