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Increases in productivity per person lead to increases in per capita income

Increases in productivity per person lead to increases in per capita income

Increases in productivity per person lead to:

A. increases in per capita income.

B. economic growth.

C. increases in GDP per capita.

D. All of these are true.

32.Increases in productivity per person:

A. is highly desirable, as it leads to economic growth.

B. is unavoidable, and macroeconomists work to prevent it.

C. can harm an economy if misallocated.

D. is highly undesirable, as it leads to increases in GDP per capita.

33.The productivity of workers can depend upon which of the following?

A. Human capital

B. Natural resources

C. Technology

D. All of these are determinants of productivity.

34.The productivity of workers can depend upon which of the following?

A. Physical capital

B. Number of humans

C. Number of businesses established

D. All of these are determinants of productivity.

35.The productivity of workers can depend on which of the following?

A. Technology

B. Human capital

C. Physical capital

D. All of these are determinants of productivity.

36.What types of capital can improve the productivity of workers?

A. Technological and human

B. Human and physical

C. Physical and technological

D. Human, technological, and physical capital are all determinants of productivity.

37.Physical capital is:

A. the stock of equipment and structures that allow for the production of goods and services.

B. the skills a human being acquires that enhances the available stock of equipment.

C. the set of skills, knowledge, experience, and talent that determine the productivity of workers.

D. All of these describe physical capital.

38.An example of physical capital is:

A. a factory.

B. a computer.

C. a pen.

D. All of the items are examples of physical capital.

39.An example of physical capital is:

A. a construction worker's strength.

B. a scientist's knowledge of cellular biology.

C. Both of these are examples of physical capital.

D. Neither of these are examples of physical capital.

40.An example of physical capital is:

A. a tractor.

B. a farmer.

C. a high-yield seed varietal.

D. All of these are examples of physical capital.

 

abhinav behal 15-Feb-2020

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