Question

1. In the Solow growth model, the rate of economic growth in the long run depends

on

a. the rate of progress of the “effectiveness” of inputs or the growth rate of total

factor productivity

b. the population growth rate

c. the savings rate

d. the level of education of the population

2. The rate of economic growth of output per worker in the US between 1800 and

2011

a. depended mostly on changes in TFP (total factor productivity)

b. depended on changes population growth rates

c. depended mostly on the savings rate

d. depended mostly on the level of education of the population

3. Between 1920 and 1960 the US economy

a. grew rapidly slowly because of weak growth in “technology” or multi-factor

productivity

b. living standards worsened and workers became less happy due to a shorter

working week and more leisure time

c. the economy contracted so that per capita income was below “trend” until at

least World War II

d. experienced strong inter-regional convergence due to emigration out of the South

and the shock of World War I

4. Racism in the South was evident in which one of the following ways

a. black farmers had on average more fertilizer than white farmers for

precautionary reasons

b. white sharecroppers were more likely to be literate than black sharecroppers

c. tilled land for black sharecroppers was encouraged to keep blacks from planting

too much corn to feed themselves

d. white sharecroppers were less likely to be literate than black sharecroppers

5. Which factor mattered very little for the amount of annual immigration to the

US between 1870 and 1913

a. Fluctuations in output in the US due to the business cycle.

b. Complementarities which made foreign born workers less of a competitive threat

to native workers.

c. Federal legal restrictions via a quota system.

d. Reduced caloric intake and famine conditions in eastern Europe due to poor

harvests.

Answer 1

1.Option C is correct answer.

C.the savings rate

Explaination:-In the Solow growth model, the rate of economic growth in the long run depends on the savings rate.

2.Option A is correct

A.depended mostly on changes in TFP (total factor productivity)

Explaination:-The rate of economic growth of output per worker in the US between 1800 and 2011 depended mostly on changes in TFP (total factor productivity).

3.Option C is correct answer.

C.the economy contracted so that per capita income was below “trend” until at least World War II

Explaination:-Between 1920 and 1960 the US economy the economy contracted so that per capita income was below “trend” until at least World War II.

4.Option B is correct.

B.white sharecroppers were more likely to be literate than black sharecroppers

Explaination:-Racism in the South was evident in which one of the following ways white sharecroppers were more likely to be literate than black sharecroppers

5.Option B is correct.

B.Complementarities which made foreign born workers less of a competitive threat

to native workers.

Explaination:-Which factor mattered very little for the amount of annual immigration to the US between 1870 and 1913 Complementarities which made foreign born workers less of a competitive threat to native workers.