Which of the following countries had the HIGHEST average annual growth rate of GDP per capita between 1988 and 2010?
A. China
B. India
C. Mexico
D. South Korea
E. United States
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Which of the following countries had the LOWEST average annual growth rate of GDP per capita between 1988 and 2010?
A. Egypt
B. Ghana
C. Tanzania
D. Thailand
E. United States
Which of the following countries annual growth rate of GDP per capita between 1988 and 2010 was closest to that of the United States?
A. China
B. Egypt
C. Indonesia
D. Tanzania
E. Thailand
Which of the following economists did NOT significantly contribute to the debate on exogenous versus endogenous growth?
A. Robert Barro
B. Gregory Mankiw
C. Robert Lucas
David Ricardo
E. Paul Romer
A production function that assumes a diminishing marginal product of capital
A. generates a straight savings line
B. ensures that the savings line is always above the investment requirement line
C. ensures that the savings line and the investment requirement line cross
D. is essential to the endogenous growth model
E. violates important microeconomic principles