Category: Comparative GDP

Which of the following statements is true ?

Comparative GDP 03/03/2024
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A. Countries all have the same growth rate and level of output because any country can obtain the same factors of production
B. Countries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time
C. Countries may have different level of GDP/person but they all grow at the same reate
D. Countries may have a different growth rate but they all have the same level of GDP/person

Thomas Malthus argued that ?

Comparative GDP 19/09/2021
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A. none of these answers
B. an ever-increasing population is constrained only by the food supply resulting in chronic faminies
C. technological progress will continuously generate improvement in productivity and living standards.
D. labor is the only true factor of production

Which of the following best describes the rate of growth in productivity in the United states over the last fifty years ?

Comparative GDP 12/05/2021
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A. Productivity growth has been steady over the last 50 years
B. Productivity has been growing more slowly every decade since world War II
C. Productivity grew quickly in the 1950s and 1960s more slowly from the early 1970s through 1995 and then quickly again
D. Productivity grew slowly from the 1950s through the 1970s and then began to accelerate probably due to advances in computer technology