Macroeconomics
posted by Julia .
Here are my answers and i wanted to check if they were correct to the quiz posted below.
1.a because its a model for the ppf
2.b Just wha thappens when technology is completely ignored
3.a because the model is based off of inputs and outputs
4.c because savings greatly increases economic growth
5.b more workers increase the amount of workers but interupt cost of production
6.c because worker output is greatly increased
7.b because poverty stricken countries rely on other countries and have a huge growth
1) The long run growth rate of the economy is consistent with:
a.An outward expansion the economy's production possibilities frontier.
b.A rightward shift in the aggregate demand curve.
c.An inward expansion the economy's production possibilities frontier.
d.An increase in the consumption of goods and services.
2) Assuming technology remains constant, the steady state growth rate will equal:
a.The growth rate of population plus the depreciation rate of capital.
b.The growth rate of population plus the rate of net additions to the capital stock.
c.The growth rate of population plus the rate of net additions to the capital stock minus the depreciation rate of capital.
d.The rate of net additions to the capital stock plus the depreciation rate of capital.
3) The production function describes:
a.The relationship between inputs used in production and output.
b.The linkage between capital and labor productivity.
c.How an increase in technology improves the quality of capital used in production.
d.How income distribution is affected by the production of goods and services.
4) Which of the following will allow for a country's economic growth rate to rise above the steady state?
a.A constant increase in the rate of population growth.
b.An increase in the rate of capital depreciation.
c.An increase in the domestic savings rate.
d.A decrease in the level of foreign direct investment.
5) If the rate of population growth increases while holding total savings and the rate of additions to the capital stock constant, the result would be:
a.An increased capitallabor ratio and faster steadystate economic growth.
b.An increased capitallabor ratio but reduced output per worker.
c.A decreased capitallabor ratio and a constant steadystate growth rate.
d.A decreased capitallabor ratio and a decrease in the economic growth rate.
6) Improvements in technology result in:
a.A drop in the capitallabor ratio.
b.A decrease in output per worker.
c.A potentially greater steady state growth rate.
d.An increase in the domestic savings rate.
7) Using the (Solow) steadystate growth model, which of the following is true for a poor country with very low savings rates.
a.Due to high levels of unemployment and low savings rates, the government can raise taxes to stimulate growth.
b.Because of the extreme poverty and low domestic savings present, significant growth will only occur with an inflow of foreign savings.
c.Rapid economic growth will be slowed by foreign intervention.
d.Domestic growth will be encouraged simply by importing hightech capital to use in production.
Respond to this Question
Similar Questions

math,drbob222
I'm sorry the problems i posted had a couple of errors how i posted it here they are: Posted by DrBob222 on Friday, November 24, 2006 at 6:19pm in response to Math. Thanks for showing your work. It helps us to know where you are having … 
Math for Trish To Help Me With
Factor the following. You will earn 5 points for each polynomial that is factored correctly. Please label your individual answers with a – f. a.) 4x2  25 b.) 3x2 + 6y c.) x^2  7x + 10 d.) 2x^2  9x – 18 e.) 2ax + 6bx + ay + 3by … 
chem
okay so i have the answers but i just wanted to see if i was correct Balance these equations..i need the correct answers 1.H2+CL2>HCL 2.Ag+2n>Zn2+Ag 3.Mn4+Cu+>Mn2+ +Cu2+ 
college level Macroeconomics
Here are my answers and i wanted to check if they were correct to the quiz posted below. 1.a because its a model for the ppf 2.b Just wha thappens when technology is completely ignored 3.a because the model is based off of inputs and … 
Statistic
There are two independent multiplechoice quizzes where quiz 1 has eight questions and quiz 2 has 15 questions. Each question in the first quiz has four choices and each question in the second quiz has five choices. Suppose a student … 
statistic and probability
There are two independent multiplechoice quizzes where quiz 1 has eight questions and quiz 2 has 15 questions. Each question in the first quiz has four choices and each question in the second quiz has five choices. Suppose a student … 
Statistic
A quiz consists of 10 multiplechoice questions. Each question has 5 possible answers and only one of them is correct. A student has not studied for the quiz and will pick his answers randomly. 1)Define the random variable x that will … 
math
A student takes a multiple choice quiz with 12 questions and 5 alternatives per question. Unfortunately, this student has no idea what any of the answers are, so he randomly selects an alternative for each question on the exam. Using … 
Math
Hi I did a quiz today it said I got A 5/9 but it did not show me the correct answers or the ones i missed so if it could be possible that someone could the answers so I could see which ones I need to fix please help me I just came … 
Mathematics
I need help with this quiz, if anyone knows the answers, I will be most happy. The quiz I am on is Unit 5: Lesson 6: Graphing Linear Functions. I have my answers and Mr. Steve PLEASE check them for me, thank you! 1. B 2. A 3. B 4. …