Macroeconomics

‭7. All of the following may be reasons behind a sustained increase in an economy’s real GDP per‬ ‭capita over the years, EXCEPT:‬

‭A.‬ ‭Technological advances at a fast rate‬ ‭B.‬ ‭Increased capital per worker‬ ‭C.‬ ‭Higher government expenditure on infrastructure‬ ‭D.‬ ‭A high capital depreciation rate‬ ‭8. What MUST have increased as a result of a rise in real GDP?‬ ‭A.‬ ‭The population size‬ ‭B.‬ ‭Output‬ ‭C.‬ ‭The inflation rate‬ ‭D.‬ ‭Restrictions on intellectual property‬ ‭9. Which of the following is NOT a beneft of economic growth?‬

‭A.‬ ‭Reduced poverty‬ ‭B.‬ ‭Less unemployment‬ ‭C.‬ ‭Higher spending on education without incurring an opportunity cost‬ ‭D.‬ ‭Longer life expectancy‬ ‭10. An economy grows by 3%, but the size of its labor force remains the same. What could explain‬ ‭an increase in unemployment in this situation?‬

‭A.‬ ‭A drop in the average working hours‬ ‭B.‬ ‭A decrease in the use of capital by frms‬ ‭C.‬ ‭An increase in the ability of workers to move from one job to another‬ ‭D.‬ ‭An increase in labor productivity‬ ‭Review Quiz Answers‬

‭1.‬ ‭C‬ ‭2.‬ ‭C‬ ‭3.‬ ‭B‬ ‭4.‬ ‭D‬ ‭5.‬ ‭D‬ ‭6.‬ ‭A‬ ‭7.‬ ‭D‬ ‭8.‬ ‭B‬ ‭9.‬ ‭C‬ ‭10.‬ ‭D‬

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