题目内容

Countries can achieve continued economic growth as long as

A. technological advances continue
B. educational progress continues
C. intelligent resource management is practiced
D. all of the above
E. only A) and B)

查看答案
更多问题

Robert Barro's empirical findings that countries with higher levels of investment will achieve a steady state with a higher per-capita income but not with a higher growth rate supports

A. the notion of absolute convergence
B. the notion of conditional convergence
C. the predictions of the endogenous growth theory
D. the belief that a high savings rate is not beneficial for any nation
E. the belief that technology is not very important

Developed countries that direct their investment towards physical capital rather than research and development can expect to

A. have a higher level of output in the short run and a higher long-run growth rate
B. have a lower level of output in the short run and lower long-run growth rate
C. have a lower level of output in the short run but a higher long-run growth rate
D. have a higher level of output in the short run but a lower long-run growth rate
E. achieve A) but only if the level of investment exceeds 1/3 of GDP

For a developing country that wants to increase its stock of real capital fairly quickly, which of the following is NOT a valid option?

A. implementing policies designed to increase educational levels
B. asking foreign firms for direct investments in the country
C. borrowing funds from the World Bank for real capital investments
D. asking other countries for foreign aid to buy new machines
E. increasing private domestic saving

Roughly how many years will it take a country that grows at an average rate of 2% per year to double the size of its GDP?

A. 100
B. 50
C. 35
D. 20
E. 15

答案查题题库