people less reliant on government aid and force them to start earning a wage that will sustain them.
Question 11
Original Answer: “Zero”
Corrected Answer: “Equal to the natural unemployment rate”
Reason: The natural unemployment measure the unemployment rate when labor and capital has been employed at their maximum sustainable rates, unemployment cannot be zero without problems arising.
Question 12
Original Answer: “cyclical; no; negative; positive; does not equal”
Corrected Answer: “cyclical; no; negative; positive; equals”
Reason: For the only part that has differs between these two answers, real GDP does equal potential GDP because the economy is
operating at full employment. Question 16
Original Answer: “ii and iii”
Corrected Answer: “i, ii, and iii”
Reason: All three options are what labor productivity relies on, saving and investment is also included because it increases the amount of capital available to workers, which can lead to increased output per worker.
Question 17
Original Answer: “an increase in the supply of labor because people are needed to operate the computers.”
Corrected Answer: “an increase in labor productivity because computers are a capital good.”
Reason: The adoption of computers may have actually reduced the supply of jobs as its capabilities automated many jobs without physical labor needs. It also increased labor productivity because allows workers to work more efficiently increasing output per person.
Question 18
Original Answer: “$3 trillion, $3 trillion”
Correct Answer?: “$3 trillion, $3 trillion, $5 trillion”
Reason: I am not sure why I got this wrong or why there is a third answer because there is only 2 areas you can input an answer. I got the first two right I believe but the third wrong as there is nowhere to input that answer.
Question 19
Original Answer: “Higher growth does not guarantee improved health for citizens.”
