Examlex
Use the following to answer questions :
Scenario: Productivity
The economy has grown by 4% per year over the past 30 years. During the same period the labor force has grown by 1% per year and the quantity of physical capital has grown by 5% per year. Each 1% increase in physical capital per worker is estimated to increase productivity by 0.4%. Assume that human capital has not changed during the past 30 years.
-(Scenario: Productivity) Look at the scenario Productivity. How much has growing physical capital per worker contributed to productivity growth?
Communist Government
A form of government where the state owns and controls the major means of production and there is no private property, aiming to achieve a classless society.
Yugoslavia
A country in Southeast Europe that existed from the end of World War I until it broke up into several independent countries in the 1990s due to a series of conflicts.
Disintegration of Empires
The process by which large empires break apart into smaller political entities, often due to internal conflicts, wars, economic problems, or the push for national independence by different ethnic or cultural groups.
Instability
A situation characterized by a lack of stability, predictability, or consistency, often leading to chaos or disorder in social, economic, or political contexts.
Q28: Which of the following is the most
Q59: Suppose that Allison has an accounting degree,
Q72: Ron quit his job in retail management
Q95: A survey reveals that on a small
Q114: According to the efficient markets hypothesis, if
Q139: If a country has a working-age population
Q198: Government spending is like investment in each
Q198: Radhika just graduated from college. She recently
Q249: The percentage of the labor force that
Q281: From the standpoint of economic growth, banks