Question : 41) A technological change ________ and a change in the : 1224076

 

 

41) A technological change ________ and a change in the capital stock ________.

A) shifts the productivity curve; shifts the productivity curve

B) shifts the productivity curve; creates a movement along the productivity curve

C) creates a movement along the productivity curve; shifts the productivity curve

D) does not change the productivity curve; creates a movement along the productivity curve

E) does not change the productivity curve; shifts the productivity curve

 

42) The expansion of human capital and the discovery of new technologies ________ because ________.

A) decrease real GDP; they shift the productivity curve downward

B) decrease real GDP; they shift the productivity curve upward

C) increase real GDP; they shift the productivity curve downward

D) increase real GDP; they shift the productivity curve upward

E) increase real GDP; they result in a movement upward along the productivity curve

 

 

43) Increases in capital per worker ________ because ________.

A) increase real GDP; they shift the productivity curve downward

B) increase real GDP; they shift the productivity curve upward

C) increase real GDP; they create a movement downward along the productivity curve

D) increase real GDP; they create a movement upward along the productivity curve

E) may increase or decrease real GDP; the result is a movement along the productivity curve but the direction depends on other factors not given

 

 

44) Labor productivity equals ________.

A) real GDP × aggregate hours

B) real GDP ÷ aggregate hours

C) aggregate hours ÷ real GDP

D) aggregate hours × labor productivity

E) aggregate hours ÷ labor productivity

 

45) Labor productivity equals

A) real GDP divided by the capital stock.

B) real GDP divided by the population.

C) total wages divided by real GDP.

D) real GDP divided by aggregate hours.

E) aggregate hours divided by employment.

 

 

46) If real GDP is $1,200 billion, the population is 60 million, and aggregate hours are 80 billion, labor productivity is

A) $5.00 an hour.

B) $6.67 an hour.

C) $15.00 an hour.

D) $20,000.

E) $150 an hour.

 

 

47) If aggregate hours are 100 billion hours and labor productivity is $40 an hour, than real GDP equals

A) $100 billion.

B) $40 billion.

C) $100 trillion.

D) $2.5 trillion.

E) $4 trillion.

 

48) Which of the following lists gives factors that increase labor productivity?

A) saving and investment in physical capital, and wage increases

B) expansion of human capital, labor force increases, and discovery of new technologies

C) expansion of human capital, population growth, and discovery of new technologies

D) saving and investment in physical capital, expansion of human capital, and discovery of new technologies

E) labor force increases and wage increases

 

 

49) Growth in physical capital depends most directly upon the

A) amount of saving and investment.

B) number of firms in the nation.

C) speed of population growth.

D) amount of government expenditures.

E) level of human capital.

 

 

50) The productivity curve shifts upward when

A) physical capital increases.

B) human capital decreases.

C) hours of labor increase.

D) hours of labor decrease.

E) technology advances.