3 4 E+we D. 10 8. C) 5 percent. D) 10 percent. (Consider This) According to the Consider This box on patents and innovation, the cost for U.S. and European drug companies to research, patent, and safety-test a new drug is about:104. As distinct from the supply factors and demand factor of economic growth, the efficiency factor(s) of economic growth is (are):Which set of items in the above list would shift an economy's production possibilities curve outward?Which set of items in the above list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?Which of the following is not a supply factor in economic growth?aggregate expenditures of households, businesses, and governmentThe achievement of full employment through time will:an outward shift of the production possibilities curveSuppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. Between years 1 and 2, real GDP grew by _____ percent in Alta: A) 3 percent. 5) Refer to the above diagrams, in which AD1 and AS1 are the "before" curves and AD2 . 3 B. We can conclude that?The largest contributor to increases in the productivity of American labor is?public capital goods such as highways and sanitation systems.Other things equal, if a full-employment economy reallocated a substantial quantity of its resources to capital goods, we would expect?the skills and knowledge that enable a worker to be productive.What percentage of the U.S. adult population has a college or post-college education (as of 2009)?Globally, on average test scores of eighth-grade math and science students, the U.S. ranks (as of 2007)?was greater between 1995 and 2009 than between 1973 and 1995.increases in the value of a product to each user, including existing users, as the total number of users rises.The fundamental invention underpinning the recent rise in the average rate of productivity growth is the?argue that economic growth does not resolve socioeconomic problems such as an unequal distribution of income and wealth.Over the past several decades, the percentage of women in the paid U.S. workforce has?increased due to higher wages, expanded job accessibility, changing preferences and attitudes, and other factors. c.5. B. B) 4 percent. As distinct from the supply factors and efficiency factor of economic growth, the demand factor(s) of economic growth is (are):Refer to the above list. Refer to the above table. Between years 1 and 2, real GDP per capita grew by approximately _____ percent in Alta. Between years 1 and 2, real GDP grew by _____ percent in Alta. 5. All rights reserved.
Between years 1 and 2, real GDP per capita grew by approximately _____ percent in Alta. 5. Refer to the above table Between years 1 and 2 real GDP grew by percent in Alta from MATH 101 at Perry Hall High Between years 1 and 2, real GDP grew by __________ percent in Alta.Refer to the above table. Refer to the above table. Per capita GDP was about:Given the annual rate of economic growth, the “rule of 70” allows one to:calculate the number of years required for real GDP to double.The number of years required for real GDP to double can be found by:At an annual growth rate of 7 percent, real GDP will double in about:If a nation’s real GDP is growing by 5 percent per year, its real GDP will double in approximately:If the economy’s real GDP doubles in 18 years, we can:conclude that its average annual rate of growth is about 4 percentBetween 1950 and 2009, U.S. real GDP grew at an average annual rate of about:Between 1950 and 2009, U.S. real GDP per capita grew at an average annual rate of about:Real Per Capita GDP in the United States in 2009 was approximately:Under what circumstances do rates of economic growth understate the growth of economic well-being?Which of the following statements is most accurate about modern economic growth?Modern economic growth is characterized by sustained and ongoing increases in living standards.Countries that have experienced modern economic growth have also tended to:The Industrial Revolution and modern economic growth resulted in:Economic historians date the start of the Industrial Revolution around the year 1776, when James Watt:invented and built a more powerful and efficient steam enginewas much more equal across nations in 1820 than it is today.Which of the following economic regions has experienced the least growth in real GDP per capita since 1820?Which of the following economic regions has experienced the most growth in real GDP per capita since 1820?Which of the following statements is most accurate about the prospects for poorer (“follower”) countries catching up with richer (“leader”) countries?Catching up is possible as “follower countries” tend to grow faster than “leader countries.”As of 1998, living standards in the United States were nearly ______ times higher than those in Africa.tend to exceed those in leader countries because followers can cheaply adopt the new technologies that leaders developed at relatively high costs.Real GDP per capita in the United States (as of 2007) exceeds that of France primarily because:the United States has a higher percentage of the working-age population in the labor force and because U.S. employees average about 20 percent more hours worked per year.Based on the annual number of hours worked per capita, labor supply in the United States exceeds that of France by about _______ percent.Strong property rights are important for modern economic growth because:people are more likely to invest if they don’t fear that others can take their returns on investment without compensationWhich of the following institutional structures is most likely to promote growth?Which of the following institutional arrangements is most likely to promote growth?encourages growth by allowing producers to make profitable investment decisions based on market signals.encourages growth by promoting the rapid spread of new inventions and innovationsRefer to the above list.
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refer to the table between years 1 and 2, real gdp grew by __________ percent in alta