Section 3:Stimulating Economic Growth

More capital means higher GDP

• True

• False

__________ _________ is the ratio between the amount of output and input in an industry.

The equation for real GDP is real GDP/Income

• True

• False

Real GDP per capita is...

• The usual measure of a nation's standard of living

• The usual measure of a nation's income

• The total measure of a nation's population

• The usual measure of unemployment

Some nations are growing faster than others because they have access to natural resources, human resources, capital, and technology and innovation

• True

• False

The labor force is measured by

• the size of the labor force times the length of the workweek

• jordan times jazmine

• labor force divided by work

• the work length divided by the labor force

Population growth influences economic growth..

• True

• False

Which is a measure of change in production?

• Real GDP per capita

• Productivity number

• Economic growth

• Fake GDP per capita

Economists measure labor force partly through labor input

• True

• False

What are the four key factors that influence the rate of economic growth?

• natural resources, GDP, Net Exports, unemployment

• human resources, natural resources, capital, technology & innovation

• Unemployment, capital, technology & innovation, Net Exports

• natural resources, capital, labor, GDP