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Question 11.Which item is an example of physical capital used in the production of goods and services?
Question 22.The assembly line equipment used to produce an automobile would be considered:
Question 33.Which is NOT an example of physical capital?
Question 44.A recruit at a new job is asked by an interviewer, 'Tell me about your human capital accomplishments.' Which item would the interviewer want the interviewee to discuss?
Question 55.A company executive is advocating for a budget increase in _____. She states that such funding increases will promote greater productivity.
Question 66.Which IS an example of research and development?
Question 77.Your economics professor is covering a unit in class where she's discussing calculating GDP by either using expenditure approach or income approach. What unit is she MOST likely covering?
Question 88.Gross private domestic investment is one of four expenditure values used in:
Question 99.In regards to economic productivity, micromanagement is likely to:
Question 1010.An economist suggests that a nation's GDP has decreased. Which item is MOST likely to be responsible for this outcome?
Question 1111.Heightened investments in research and development and natural resources, coupled with a higher savings rate, ALL increase:
Question 1212.When envisioning economic growth and productivity, population is a driver of:
Question 1313.You are presented with a case study where it's stated that standard of living has increased. What value MOST likely increased to cause this change?
Question 1414.By dividing real GDP by population, one is calculating the:
Question 1515.An economist is carefully evaluating productivity values; she will most likely uncover that these values have an effect on _____.
Question 1616.Which is a characteristic of economic growth?
Question 1717.Country A invests 25% of GDP into human capital, while Country B invests only 9%. Which country will grow faster and why?
Question 1818.Which of the following BEST defines technology?
Question 1919.Human capital refers to which of the following?
Question 2020.Which of the following is NOT an example of physical capital?
Question 2121.Which of the following metrics is used when calculating GDP using the income approach?
Question 2222.How can the government encourage investment in human capital?
Question 2323.Which one of the following scenarios would cause a nation's standard of living to increase?
Question 2424.Why is real GDP a poor indicator of economic growth?
Question 2525.Which of the following will likely increase productivity in a corporation?
Question 2626.Why is research and development significant?
Question 2727.Economists call the equipment and structures used to produce goods and services:
Question 2828.Why is physical capital important to an economy?
Question 2929.What is the accounting methodology used to calculate the GDP, regardless of the approach used?
Question 3030.Why is fiscal policy important for the economy?
Economic Growth and Productivity Chapter Exam Instructions
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