Macmillan LearningClassify the statements about growth as true or false. If a statement is an opinion, leave it unplaced.TrueGovernments can control growth rates with the appropriate policies.The industrial revolution brought an era of increased growth rates in theUnited StatesConvergence will not occur because of technology growthAnswer BankFalseGrowth in productivity is closely correlated with wage growthHuman capital is equivalent to the number of years of educationTechnology and human capital work againat each otherRich countries all grow faster than poor countries.Poor countries all grow faster than rich countriesSouth Korea's growth can be traced to mainly human capital deepening

Growth is defined as the increase in national production of goods and services. Growth is calculated…

Macmillan Learning Classify the statements about growth as true or false. If a statement is an opinion, leave it unplaced. True Governments can control growth rates with the appropriate policies The industrial revolution brought an era of increased growth rates in the United States Convergence will not occur because of technology growth Anwer Bank False Growth in productivity is closely correlated with wage growth Human capital is equivalent to the number of years of education. Technology and human capital work against each other Rich countries all grow faster than poor countries Pour countries all grow faster than rich countries South Korea's growth can be traced to mainly human capital deepening

Macmillan Learning Classify the statements about growth as true or false. If a statement is an opinion, leave it unplaced. True Governments can control growth rates with the appropriate policies The industrial revolution brought an era of increased growth rates in the United States Convergence will not occur because of technology growth Anwer Bank False Growth in productivity is closely correlated with wage growth Human capital is equivalent to the number of years of education. Technology and human capital work against each other Rich countries all grow faster than poor countries Pour countries all grow faster than rich countries South Korea's growth can be traced to mainly human capital deepening

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Macmillan Learning
Classify the statements about growth as true or false. If a statement is an opinion, leave it unplaced.
True
Governments can control growth rates with the appropriate policies.
The industrial revolution brought an era of increased growth rates in the
United States
Convergence will not occur because of technology growth
Answer Bank
False
Growth in productivity is closely correlated with wage growth
Human capital is equivalent to the number of years of education
Technology and human capital work againat each other
Rich countries all grow faster than poor countries.
Poor countries all grow faster than rich countries
South Korea's growth can be traced to mainly human capital deepening

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