A) more in a poor country than a rich country. The increase in real GNP per person will be larger if the addition to capital is from domestic rather than foreign investment.
B) more in a poor country than a rich country. The increase in real GNP per person will be larger if the addition to capital is foreign rather than from domestic investment.
C) less in a poor country than a rich country. The increase in real GNP per person will be larger if the addition to capital is from domestic rather than foreign investment.
D) less in a poor country than a rich country. The increase in real GNP per person will be larger if the addition to capital is foreign rather than from domestic investment.
F) C) and D)
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A) "capital" and "physical capital"
B) "technological knowledge" and "human capital"
C) "standard of living" and "human capital"
D) "standard of living" and "productivity"
F) A) and B)
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A) decreased by 8%.
B) was unchanged.
C) increased by 6.8%.
D) increased by 7.3%.
F) B) and D)
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A) 2 percent.
B) 5 percent.
C) 10 percent.
D) 15 percent.
F) B) and C)
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A) productivity and the standard of living
B) productivity but not the standard of living
C) the standard of living but not productivity
D) neither the standard of living nor productivity
F) All of the above
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A) include imposing tariffs and other trade restrictions.
B) have generally increased productivity and growth in the countries that pursued them.
C) promote the production of goods and services that the country produces most efficiently.
D) All of the above are correct.
F) None of the above
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A) slower than relatively rich countries; this is called the poverty trap.
B) slower than relatively rich countries; this is called the fall-behind effect.
C) faster than relatively rich countries; this is called the catch-up effect.
D) faster than relatively rich countries; this is called the constant-returns-to-scale effect.
F) C) and D)
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Correct Answer
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