EBK MACROECONOMICS FOR TODAY
9th Edition
ISBN: 8220101425966
Author: Tucker
Publisher: CENGAGE L
expand_more
expand_more
format_list_bulleted
Question
Chapter 20, Problem 13SQ
To determine
An outward shift of the
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A country's rate of economic growth is important because.
A) an economy that grows too slowly is always involved in human rights violations.
B) a slowly growing economy always invades its neighboring countries in search of wealth.
C) a slowly growing economy experiences very slow growth in population.
D) an economy that grows too slowly fails to raise living standards of its citizens.
When production in an economy grows more quickly than the population in that economy, which of the following must be occurring?
A.
Incomes are growing at a slower rate than the population.
B.
Real GDP is falling.
C.
Real GDP per capita is constant.
D.
Real GDP per capita is rising.
E.
Living standards are falling.
QUESTION 18
If immigration laws become more strict and many foreign citizens are not allowed to work and are forced to leave the United States,
A.
there is a movement down along the aggregate supply curve.
B.
the potential GDP curve will shift to the right.
C.
the aggregate demand curve will shift to the left.
D.
there is a movement up along the aggregate supply curve.
E.
the potential GDP curve will shift to the lef
Which of the following would not affect labor productivity, i.e. more output per unit of labor hour?
Select one:
a. When interest rates decrease and government spending increase.
b. when labor is reallocated from less-efficient industries to more-efficient industries.
c. when production is better organized and managed
d. technological progress
e. the health, training, education, and motivation of workers improve
f. the quantity of capital goods available to workers
Chapter 20 Solutions
EBK MACROECONOMICS FOR TODAY
Ch. 20.2 - Prob. 1GECh. 20 - Prob. 1SQPCh. 20 - Prob. 2SQPCh. 20 - Prob. 3SQPCh. 20 - Prob. 4SQPCh. 20 - Prob. 5SQPCh. 20 - Prob. 6SQPCh. 20 - Prob. 7SQPCh. 20 - Prob. 8SQPCh. 20 - Prob. 9SQP
Ch. 20 - Prob. 10SQPCh. 20 - Prob. 11SQPCh. 20 - Prob. 12SQPCh. 20 - Prob. 1SQCh. 20 - Prob. 2SQCh. 20 - Prob. 3SQCh. 20 - Prob. 4SQCh. 20 - Prob. 5SQCh. 20 - Prob. 6SQCh. 20 - Prob. 7SQCh. 20 - Prob. 8SQCh. 20 - Prob. 9SQCh. 20 - Prob. 10SQCh. 20 - Prob. 11SQCh. 20 - Prob. 12SQCh. 20 - Prob. 13SQCh. 20 - Prob. 14SQCh. 20 - Prob. 15SQCh. 20 - Prob. 16SQCh. 20 - Prob. 17SQCh. 20 - Prob. 18SQCh. 20 - Prob. 19SQCh. 20 - Prob. 20SQ
Knowledge Booster
Similar questions
- A movement along a macro production possibilities frontier is caused by a change in Select one: a. technological change. b. the quantity of inputs. c. the quality of inputs. d. all of the above. e. none of the above.arrow_forwardWhich of the following is not true about productivity? A. Productivity is an indicator of the efficiency of production or distribution. B. Total output divided by total labor hours in the year gives us a measure of labor productivity. C. The productivity of a whole economy is measured by calculating the total import by the economy in one year. D. Productivity refers to the amount of output that a given amount of inputs can produce.arrow_forwardPolitical freedom can sometimes moderately reduce economic growth because A. campaign contributions lead to reductions in investment. B. most jobs are in unions that are politically connected. C. special interest groups may gain at the expense of the overall economy. D. all of the above.arrow_forward
- • The economic growth measures the ____. a. increase in PPP b. increase in education index c. increase in output d. none of the above • According to Rostow, which of the following constitute pre-conditions for take-off? a. Investment rate increase b. Universal primary education c. Development of one or more manufacturing sectors with a high growth rate d. First and second choice e. First and third choicearrow_forwardThe demographic transition refers to: a. The increase in fertility rates and the number of children per family that many societies undergo as they transition from urban centers to farmland. b. The increase in fertility rates and the number of children per family that many societies undergo as they transition from rural to urban centers. c. The decrease in fertility rates and the number of children per family that many societies undergo as they transition from rural to urban centers. d. The decrease in fertility rates and the number of children per family that many societies undergo as they transition from urban centers to rural locations.arrow_forwardEconomic growth. Two key sources of economic growth have been due to increases in resources and increases in productivity. a. Please explain 5 factors that might contribute to falling U.S. GDP growth rates. b. Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. c. Please explain 5 factors that might contribute to rising U.S. GDP growth rates. d.Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase.arrow_forward
- Productivity measures: Select one: a. per unit production costs. b. the changes in real wealth caused by price level changes. c. the amount of capital goods used per worker. d. real output per unit of input. e. the marginal cost- marginal benefit analysis.arrow_forwardTRUE or FALSE 11. A high fertility rate reduces the per capita income, be it the Gross National Income per Capita or the Gross Domestic Product per capita. 12. The natural environment can bring about an increase or decrease in the population growth rate. 13. Rapid population growth does not necessarily reflect market failure. 14. Urbanization and localized economies lead to resource immobility 15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover. 16. The K -12 Program added years to basic education but Philippines student learning still lags behind many East Asian countries. 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a…arrow_forwardFor each part below, determine whether the following actions will increase or decrease productivity, and name the component of productivity that each affects. a. The local government builds a new school. b. Teachers in the new school hold classes for young students. c. A manufacturer installs robots on its assembly line. d. A research team designs a more efficient system of irrigation. e. A soda company discovers a new source of underground water that can be used to make its products. f. A professor writes a new and improved economics textbook. g. A large number of people have less access to health care. h. A worker receives on-the-job training to be a mechanic. Impact on productivity (Click to selec (Click to selec (Click to selec (Click to selec (Click to selec (Click to selec (Click to selec (Click to selec ✓ Component of productivity (Click to select) Physical capital Technology Human capital Natural resources (Click to selec (Click to selec (Click to select) (Click to selec (Click…arrow_forward
- Why is scientific literacy is important? Answer can be related to decision-making, economic productivity, and education. Please answer in paragraph thanksarrow_forwardGood 0 B .C Good X Refer to the provided graph. Which of the following movements would indicate economic growth? Multiple Choice from point B to point C from point A to point E from point A to point C from point C to point Darrow_forwardUsing a simple model of the Production Possibilities Curve (PPC), label points that show inefficient, and efficient, unattainable production. What are the major assumptions of the underlying the model?b. Use a second model to illustrate the difference between economic expansion and economic growth.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
