Question 1

Productivity is the amount of goods and services

Accepted Answer

A)   an economy produces. It is not linked to a nation's economic policies.
B)   an economy produces. It is linked to a nation's economic policies.
C)   produced for each hour of a worker's time. It is not linked to a nation's economic policies.
D)   produced for each hour of a worker's time. It is linked to a nation's economic policies.

Question 2

The inputs into production of goods and services that are provided by nature, such as land, rivers, and mineral deposits are called

Accepted Answer

A)   physical capital.
B)   natural resources.
C)   human capital.
D)   technological knowledge.

Question 3

Susan and Calvin paint houses. Susan consistently paints about 400 square feet of a house's exterior per hour, while Calvin consistently paints about 300 square feet per hour. Susan's exceeds that of Calvin.

Accepted Answer

The answer of Susan and Calvin paint houses. Susan consistently...

Question 4

Countries that have lower levels of real GDP per person than the United States

Accepted Answer

A)   tend to have growth rates that are higher than that of the United States.
B)   tend to have growth rates that are about the same as that of the United States.
C)   tend to have growth rates that are lower than that of the United States.
D)   in some cases have growth rates that are higher than that of the United States and in other cases lower than that of the United States.

Question 5

Which of the following would increase productivity?

Accepted Answer

A)   an increase in the physical capital stock per worker
B)   an increase in human capital per worker
C)   an increase in natural resources per worker
D)   All of the above are correct.

Exam 25: Production and Growth

Susan and Calvin paint houses. Susan consistently paints about 400 square feet of a house's exterior per hour, while Calvin consistently paints about 300 square feet per hour. Susan's exceeds that of Calvin.

Correct Answer
verified

The inputs into production of goods and services that are provided by nature, such as land, rivers, and mineral deposits are called

Correct Answer
verified

Productivity is the amount of goods and services

Correct Answer
verified

Countries that have lower levels of real GDP per person than the United States

Correct Answer
verified

Which of the following would increase productivity?

Correct Answer
verified

Exam 25: Production and Growth

Susan and Calvin paint houses. Susan consistently paints about 400 square feet of a house's exterior per hour, while Calvin consistently paints about 300 square feet per hour. Susan's exceeds that of Calvin.

Correct AnswerverifiedShow Answer

The inputs into production of goods and services that are provided by nature, such as land, rivers, and mineral deposits are called

Correct AnswerverifiedShow Answer

Productivity is the amount of goods and services

Correct AnswerverifiedShow Answer

Countries that have lower levels of real GDP per person than the United States

Correct AnswerverifiedShow Answer

Which of the following would increase productivity?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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