16. A person who returns to school to improve her computer skills is an example of an increase in physical capital. financial capital. the labour force. technological capital. human capital.
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financial capital.
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the labour force.
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technological capital.
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human capital.
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- Would the following events usually lead to capital deepening? Why or why not? A weak economy in which businesses become reluctant to make long-term investments in physical capital. A rise in international trade. A trend in which many more adults participate in continuing education courses through their employers and at colleges and universities.What are three generators of economic growth? List and explain them. What are three determinants of business investment? List and explain themData measuring the economic growth rate, as measured the year after a major natural disaster, for example, a hurricane, an earthquake or pandemic usually shows a: a. small rise in construction but negative declines in all other sectors b. sharp rise over the previous year c. negative growth rate d. sharp fall over the previous year
- 5. If Philippines GDP exceeds Philippines GNP, thena. foreigners are producing more in the Philippines than Philippine citizens are producingin foreign countries.b. Philippine citizens are producing more in foreign countries than foreigners areproducing in the Philippines.c. the Philippines real GDP is more accurate than the Philippines GNP.d. the Philippines real GDP is higher compared to the Philippines nominal GDP. *base year is 2003In the country of Azard, businesses use new smart cell phones to speed up many tasks such as sales recording, inventory checks, purchase orders etc. Which components of growth are recorded here? Human and physical capital Human capital and technology Technology only Physical capital and technologyEconomist believe there is a strong correlation between productivity and the standard of living? Discuss. [HINT: In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labour productivity and explain how each of them have an impact on the standard of living.]
- To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity? Rearrange the following contributors to the growth of productivity in order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, technological advance.8. Question textWhich of the following is a determinant of productivity? a.Physical capital b.Tax c.Depreciation d.Interest 9. Which of the following criteria must be valid to be counted as unemployed? a.Currently not available for work b.Not seeking any work in the past 4 weeks c.Currently do not have a job but actively searching for it d.Not willing to take any jobHow do we measure labor productivity? How do changes in labor productivity affect the U.S. standard of living? Does an increase in labor productivity always leads to an increase in standard of living, explain?
- In a small economy the real GDP in year 1 is $ 5000 bn and in year 2 it is $ 5500 bn. What is the growth rate of real GDP in this economy from year 1 to 2? A. 0.1 % B. 9.09% C. 10% D. 50%An increase in the amount of human capital in the economy will ["decrease", "remain unchanged", "increase"] the productivity of labor. As a result, average real income in the economy will["decrease", "increase", "remain unchanged"] . PreviousNextPlease list and explain 8 key points1) Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country’s ability to catch up with rich ones.b. Economist believe there is a strong correlation between productivity and the standard of living? Discuss.In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labour productivity and explain how each of them have an impact on the standard of living