Economic Growth Clicker Questions

[#1]

Which of the following would most likely cause a country's production possibilities frontier to shift outward?

A) an increase in the country's elderly population

B) an increase in corporate tax rates

C) an increase in the average level of education

D) a decrease in life expectancy

E) all of the above

Which of the following would NOT help a developing country to improve productivity?

A) increases in capital

B) increases in labor

C) improvements in technology

D) improvements in the quality of the labor force

E) none of the above

When a country's real GDP per capita is increasing, this means:

A) population is growing faster than real GDP

B) real GDP is growing faster than the population

C) population is growing faster than inflation

D) inflation is growing faster than real GDP

E) none of the above