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Economic Growth and Productivity
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Economic Growth and Productivity
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12 Questions

1. If an economy increased its output without utilizing an increase in the factors of production, it is said that
2. GDP per capita refers to
3. If the U.S. economy has a 2% annual growth rate, how long will it take for real GDP to double?
4. Economists calculate how wealthy nations are by measuring their
5. The Rule of 70 refers to
6. "An increase in per capita GDP"
7. If there is an increase in capital stock, it will most likely lead to
8. All of the following influence a nation’s rate of growth EXCEPT
9. The president of the United States encourages Americans to help the economy grow. One suggestion would most likely be to
10. Derek works as a construction worker. Recently, he became certified to operate a large construction crane used to build skyscrapers. Economists would refer to this knowledge and skill as
11. Allocative efficiency refers to
12. Suppose there is a major increase in population after five years. This will most likely result in

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