...historical growth of U.S. labor product? 1)Improvements in education and training explain about 80 percent of the historical growth of U.S. labor productivity.
A.True
B.False
2)Economic growth can be shown as a movement from a point on one production possibility curve to a point on a curve located farther from the origin.
A.True
B.False
3)To fully realize economic growth through the efficiency factor, an economy must increase its stock of capital goods and improve its technology.
A.True
B.False
4)To achieve its full production potential, an economy must reach full employment.
A.True
B.False
5)Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita.
A.True
B.False
6)Growth is a widely held economic goal primarily because it creates a more equal distribution of wealth and income.
A.True
B.False
7)In the United States, real GDP per capita has increased more rapidly than real GDP.
A.True
B.False
A.True
B.False
2)Economic growth can be shown as a movement from a point on one production possibility curve to a point on a curve located farther from the origin.
A.True
B.False
3)To fully realize economic growth through the efficiency factor, an economy must increase its stock of capital goods and improve its technology.
A.True
B.False
4)To achieve its full production potential, an economy must reach full employment.
A.True
B.False
5)Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom and France in real GDP per capita.
A.True
B.False
6)Growth is a widely held economic goal primarily because it creates a more equal distribution of wealth and income.
A.True
B.False
7)In the United States, real GDP per capita has increased more rapidly than real GDP.
A.True
B.False