Economic Growth & Productivity [AP (Advanced Placement) Macroeconomics]: Questions 1 - 4 of 98

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Question 1

Economic Growth & Productivity

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which is the better measure of welfare? (December)

Choices

Choice (5)Response

a.

National Income

b.

Gross National Product

c.

Per Capita Income

d.

Per Capita Disposable Income

e.

None of the above

Question 2

Economic Growth & Productivity

Appeared in Year: 2013 (NET)

Question

MCQ▾

The endogenous growth theory seeks to provide explanation for which of the following determinants of growth that the Solow՚s model did not explain (December)

Choices

Choice (5)Response

a.

Technical Progress

b.

Labour Growth

c.

Role of the government in promoting growth

d.

All a., b. and c. are correct

e.

None of the above

Question 3

Economic Growth & Productivity

Appeared in Year: 2013 (NET)

Question

MCQ▾

The Model of Managerial Enterprise is associated with (Dec)

Choices

Choice (5)Response

a.

Baumol

b.

Scitorsky

c.

R. A. Gordan

d.

R. Marris

e.

All of the above

Question 4

Economic Growth & Productivity

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

In the context of the theory of economic growth, match the theory/facts given in List I with their propounders given in List II: (December)

List-Ⅰ (Theory of Economic Growth)List-Ⅱ (Authors)
(A)

Golden rule of Accumulation

(i)

E. S. Phelps

(B)

Exogenous growth theory

(ii)

N. Kaldor

(C)

Optimal growth Turnpikes

(iii)

R. M. Solow

(D)

Stylised facts of Economic growth

(iv)

Radner & Samuelson

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (iii)
  • (ii)
  • (iv)

b.

  • (i)
  • (iii)
  • (iv)
  • (ii)

c.

  • (i)
  • (iv)
  • (ii)
  • (iii)

d.

  • (ii)
  • (i)
  • (iv)
  • (iii)

e.

All of the above

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