In the US, Between 1990 and 2007, Capital Stock and the Level

question 52

Multiple Choice

In the U.S., between 1990 and 2007, capital stock and the level of technology increased dramatically. During the same period, employment and real wages rose. What do these set of events suggest?

• A) The demand for labor increased by more than the increase in supply of labor over this period.
• B) The demand for labor increased by less than the increase in supply of labor over this period.
• C) The demand for labor decreased while the supply of labor increased over this period.
• D) The demand for labor and the supply of labor decreased over this period.

---

Definitions:

Education

The systematic process of facilitating learning, acquisition of knowledge, skills, values, beliefs, and habits through various methods including teaching, training, storytelling, and research.

Annual Rate

is a percentage figure that represents the growth, yield, or return on investment over the span of one year.

Inventory

The total amount of goods and/or materials contained in a store or factory at any given time.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced over a specific time period.