MEII ch6,9,10

1) If changes in economic policy could cause the growth rate of real GDP to increase by 1% per year for 100 years, then GDP would be ________% higher after 100 years than it would have been otherwise.

2) The Malthusian model has the property that

3) The idea that an improvement in technology causes an increase in population but causes no increase in the average standard of living is attributed to

4) The Malthusian model performs poorly in explaining economic growth after the

5) The Solow model emphasizes the role of which of the following factors of production?

6) In an exogenous growth model, growth is caused by

7) The Solow model suggests that, in the long run,

8) Before the Industrial Revolution, standards of living differed

9) In Canada during the 1870-2004 period, the average annual growth in per capita income

10) Recent evidence suggests that output per worker is

11) Countries in which a relatively small fraction of output is channeled into investment tend to have a

12) Recent evidence suggests that the level of output per worker is

13) Rates of growth of real per capita income are most alike amongst

14) In the Malthusian model, the population growth rate is

15) The Malthusian model emphasizes a fixed supply of which of the following factors of production?