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Dif f i c ul t y : 01 Easy
190.
In the periods 1953–73 and 1973–95, U.S. real GDP grew at the average annual rates
of about
191.
In the periods 1995–2007 and 2007–2015, U.S. real GDP grew at the average annual
rates of about
192.
Which of the following trends have we not seen in the U.S. in the past six decades or
so?
28-82
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written consent of McGraw-Hill Education.
B.
The size of the labor force expanded.
C.
Rising birthrates kept the native-born population growing at a steady rate.
D. Women's labor-force participation rate surged.
193.
About what percentage of the growth in real output in the United States from 2007 to
2015 was due to increases in labor productivity?
194.
Which of the following factors has been the dominant source of economic growth in the
U.S. (except in 1973–1995)?
28-83
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written consent of McGraw-Hill Education.
Test Bank: II
Topic: Accounting for Growth
195.
Which of the following factors is projected to be the dominant source of economic
growth in the U.S. from now until 2026?
196.
The factor accounting for the largest increase in the productivity of labor in the United
States has been
197.
Technological advances that contribute to economic growth include the following,
except
28-84
198.
Technological advance is tightly intertwined with
199.
Labor productivity can only increase if
200.
In the U.S. economic-growth experience,
28-85
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written consent of McGraw-Hill Education.
A. most capital substitutes for labor.
B.
most capital is complementary to labor.
C.
the amount of capital available per worker has been relatively constant.
D.
the amount of capital available per worker has been decreasing.
201.
Which of the following is the single most important source of U.S. economic growth?
202.
Historically, the total amount of real capital per worker in the United States has
28-86
Copyright © 2018 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
Topic: Accounting for Growth
203.
Human capital refers to the
204.
Trends in educational attainment in the U.S. since 1960 indicate that the percentage of
adults
205.
In 2015, what approximate percentage of adults in the U.S. were college graduates or
higher?
28-87
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written consent of McGraw-Hill Education.
D.
70 percent
206.
One concern regarding educational attainment in the U.S. is that
207.
What economic concept would be most closely associated with a situation where an
aluminum plant expands its operations and uses extensive computerization in the production
line to reduce per-unit costs of production?
208.
The movement of workers from lower productivity jobs to higher productivity jobs
would be an example of a(n)
209.
The shift of labor out of agriculture and into industry in the United States has tended to
210.
One major aspect of the socio-cultural-political environment of the United States
which has generally been conducive to economic growth is the
28-89
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written consent of McGraw-Hill Education.
Blooms: Understand
Difficulty: 02 Medium
Learning Objective: 28-04 Describe growth accounting and the specific factors
accounting for economic growth in the United States.
Test Bank: II
Topic: Accounting for Growth
211.
From 1960 to today, women's labor-force participation rate in the U.S.
212.
Rising real wages for women in the U.S. workforce since the 1960s have
213.
The entry of women into the workforce since the 1960s resulted in
28-90
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written consent of McGraw-Hill Education.
D.
a falling real wage for female workers in the United States.
214.
Factors that have contributed to the increase in women's labor-force participation rate
in the U.S. include the following, except
215.
Labor productivity in the U.S. in the periods 1973–1995 and 1995–2010 grew at
average rates of
216.
A review of the trends in labor productivity growth in the U.S. for the periods 1973–
1995, 1995–2010, and 2010–2015 suggests which of the following patterns?
217.
If the annual growth in a nation's productivity is 2.8 percent rather than 1.5 percent,
then the nation's standard of living will double in about
218.
Factors that contributed to the higher U.S. labor productivity growth in 1995–2010
relative to the earlier period include the following, except
28-92
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written consent of McGraw-Hill Education.
C.
global competition.
D.
population growth.
219.
A major effect of the rise in the rate of productivity growth in the United States is a(n)
220.
Compared with the period from 1973 to 1995, the annual rate of productivity growth
from 1995 to 2010 was about
221.
Many economists studying the productivity-growth patterns in the U.S. believe that in
the period 1995–2010, the productivity of labor in the nation
222.
The pattern of productivity growth in the U.S. in the period 2010–2015, when
compared to previous periods, suggests that
223.
Reasons for the rise in productivity growth between 1995 and 2010 include the
following, except
28-94
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written consent of McGraw-Hill Education.
D.
a decline in population.
224.
Increasing returns would be a situation where a firm increases its workforce and other
inputs by
225.
Sources of increasing returns that help raise productivity growth include the following,
except
226.
Increasing returns in production imply the following, except
227.
Increases in the value of the product to each user, including existing users, as the total
number of users rises are called
228.
A piece of software that benefits many users at the same time would be an example of
