EP ECONOMICS,AP EDITION-CONNECT ACCESS
20th Edition
ISBN: 9780021403455
Author: McConnell
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 26, Problem 5DQ
To determine
Possible reasons for the difference in total annual hours of work between Alpha and Omega.
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Students have asked these similar questions
If a country starts with per capita real GDP of $50 and grows at 4% a year; in 5 years it's per capita real GDP will be
O 1.5
O 1.22
O 2
O 1.4
D Question 14
Suppose for the country of Joshua-land, the annual inflation rate is 7%, the population growth is 5% per year while GDP increases by 2%
per year. How long would it take for the country to double its GDP?
O 7 years
O 14 years
35 years
O Never
Question 15
For the previous question, how long would it take Joshua-land to double its GDP
capita?
per
O 7 years
O 14 years
O 35 years
Never
Question 16
For Joshua land, how long would it take for prices to double?
O 7 years
O 10 years
35 years
O Not enough information
If the rate of total factor productivity growth is 3%, the growth rate of the capital
stock is 4%, the growth rate of the labor force is 2%, and the share of capital is
.5, then
the growth rate of output per worker is 4%, while the growth rate of output is
O 2%.
the growth rate of output is 4%, while the growth rate of output per worker is
O 2%.
None of the above
the growth rate of output is 6%, while the growth rate of output per worker is
O 4%.
the growth rate of output per worker is 6%, while the growth rate of output is
4%.
Chapter 26 Solutions
EP ECONOMICS,AP EDITION-CONNECT ACCESS
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