Economic Growth

What is the only thing that makes an economy grow in the long run?

Through which of the following combinations do firms produce output?

Which of the following is not a form of capital?

Which of the following is not a form of labor?

What do you call the base level at which something is growing?

What do you call the change in the growth level from year to year?

For which of the following reasons is the distinction between the growth level and the growth rate not important?

What type of capital is knowledge?

What type of capital is machinery?

An increase in the capital utilized in the production process leads to what?

Which of the following does not represent an increase in capital?

When we state that the economy grows at 3% per year over a period of 30 years, what does the 3% represent?

Why would a politician undertake an economic policy that increases the growth rate but ultimately decreases the growth level?

Which of the following is not a requirement for increased growth?

What do you call the total amount of capital in a firm or in an economy?

Where does the money for capital expenditures not come from?

Which of the following actions would not represent an increase in the capital stock?

What is given up if the savings rate is high?

What is given up if the savings rate is low?

How is the capital stock increased?

What is the single most important factor in determining the annual increase in the capital stock?