Category: Uncategorized

Which of the following policies are designed specifically to directly promote technological change in an economy? The options below describe various government initiatives.  Which of these are intended to directly contribute to technological advancement in an economy?

Of the options below, which is not one of the three sources of technological change we covered?

When we calculate GDP for a given year, which of the options below are included in the calculation?

Figure 3-8Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for apples at the intersection of D2 and S2 (point E). Which of the following changes would cause the equilibrium to change to point A?

GDP is an inaccurate measure of well-being for a society because __________.

Suppose that in 2035 real GDP in Sealand increased by 4% and that the population increased by 6%. Therefore in 2035, Sealand experienced

There are many countries that have started with low level of real GDP per capita, but have not seen high growth rates.  Of the options below, what explains why this might be?

If the nominal rate of interest is 7.5% and the inflation rate is 4.0%, what is the real rate of interest?

Of the options below, which is not one of the services the financial system provides for us?

When real GDP rises, it is definitely the case that _______