Economic growth is the expansion of production possibilities and is described as a leftward shift of the production possibilities frontier. a.False b.True

For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your answers to one decimal place. Years for incomes to double a. 2.8 percent b. 4.6 percent c. 6.3 percent d. 7.8 percent e. 8.9 percent

Which of the following are capital goods? Explain why. A. A school teacher because she helps her students increase their productive resources B. A pack of bubble gum because it can be purchased now and consumed in a future period OC. An interstate highway and a stealth bomber because governments buy and use them in the current period OD. A strawberry field because it is used to produce strawberries E. An interstate highway and a stealth bomber because governments buy these to increase productive resources to use during future periods to produce other goods and services Which of the following are capital goods? OA. A movie because it can be viewed now and in the future OB. A movie because all factors of production that are not labor are capital goods OC. An airplane, a garbage truck, and an ATM because businesses use these to produce other goods and services in the future D. An airplane, a garbage truck, and an ATM because all factors of production that are not labor are capital goods…

Productivity measures: Select one: a. per unit production costs.  b. the changes in real wealth caused by price level changes. c. the amount of capital goods used per worker. d. real output per unit of input. e. the marginal cost- marginal benefit analysis.

Please answer all pats

pleasee quickkk !!!!   Long-run economic growth can help alleviate the problems of poverty by...   a.   Requiring increased saving on the part of most of the population.   b.   Generating more resources that can be used to reduce income inequality.   c.   Reallocating income away from low-value production to increase the incentives for high-value production.   d.   Increasing future consumption for the middle class.   e.   Creating new low-paying jobs for the unemployed.

Explain why ‘inclusiveness’ and ‘equality in opportunities’ can strengthen the innovation capability of an economy?

K The new growth theory argues that A. improvements in technology are not so important in determining economic growth because there are almost no productivity gains left in the economy. O B. for new technology to positively affect economic growth, the benefits from R&D activity must all accrue to the country that performs the R&D. OC. technology must be considered a separate factor of production that is sensitive to economic incentives. OD. economic growth is determined by technology, but growth in technology is unrelated to economic incentives.

What is the opportunity cost of economic growth? A. Land. B. Both capital goods and land. C. Capital goods. D. Consumption goods. O E. Both consumption and capital goods.

According to 2019 data, Japan will continue to be the most aged country in the world until 2050. Japan's workforce is estimated to drop by 13 million by 2040. How will the economy be impacted? a. The impacts on labor productivity will exceed the impacts on economic growth. b. The impacts on economic growth will exceed the impacts on labor productivity. c. The impacts on economic growth and labor productivity will be equal/comparable. d. Neither labor productivity nor economic growth will be impacted.