Reading 14: Economic Growth- LOS b ～ Q1-3 studying, style, class, black, white

mayanfang1

Q1. Economist Davey Jarvis is studying time series data from the nation-state of Northwestern Island. He has created the following summary chart on the average annual change in real GDP per capita:

1886-1905	estimated <1%
1906-1925	unknown
1926-1945	+0.9%
1946-1965	+1.1%
1966-1985	+4.2%
1986-2005	+2.3%

Which of the following is most likely the source of the growth spurt between 1966 and 1985?

A)   Reduction in the federal budget deficit.

B)   Growth in physical capital.

C)   Trade policy shift from import restrictions to tariffs.

Q2. Which of the following is a source of economic growth?

A)   Technological Advance.

B)   Property Rights.

C)   Capricious Government.

Q3. Bond analyst Davey Jarvis is writing an article on sources of economic growth for a monthly investment newsletter. He is least likely to include a discussion of:

A)   monetary exchange.

B)   human capital growth.

C)   aggregate hours.

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nebular

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aleckkwong

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cyyap1011

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gary1111

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hitman1986

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