İKTİSADA GİRİŞ II - Deneme Sınavı - 3
II. The real economic growth is the percentage change in real GDP from a period to another.
III. Economic growth can only be positive.
What can be said to be true about economic growth?
II. The production function slopes upward, indicating with given A and L, the more the capital input is used, the more output is produced.
III. As the capital input decreases by the same amount, the contribution of incremental capital to total output decreases in comparison.
What can be said to be true about the production function?
II. The negative (adverse) supply shocks cause the upward shift of the production function.
III. Supply shocks cause not a movement along with the production function but they cause the shift of the production function.
What can be said to be true about supply shocks?
II. The Harrod–Domar growth model assumes an endogenous rate of labor force growth.
III. Positive changes in investment spending cause an increase in an economy’s productive capacity.
What can be said to be true about The Harrod–Domar Growth Model?
II. Economic growth is a vital, necessary and sufficient condition for economic development.
III. Economic growth includes improvements in the standard of living through the creation of jobs and other conditions.
What can be said about economic development?
II. At this level of capital per worker, k*, the output per worker is y*=f (k*), and the consumption per worker is c*=f (k*)–(n+d)k*.
III. For capital-labor ratio, k above k*, the saving is < the amount of investment needed to keep k
constant, so capital-labor ratio, k rises.
What can be said to be true about the Capital–Labor Ratio in the Steady State?
Which of the following can be used to complete the sentence above?
for the measurement period.
II- It can grow due to increases in the quantity of goods and services produced
in the economy for the time period.
III- It can be both positive and negative.
Which of the following is true about the GPD?
Which of the following can be used to complete the sentence above?