> A Moving to another question will save this response. Question 1 If GDP grows at 5% per year, how long will it take for GDP to double? 7 years 14 years 17.5 years 35 years > Moving to another question will save this response. Edit View History Bookmarks Window Help hosted cury edu Content - 2019 Fal Term (1) Macro Economic Analysis uny > STUDENTS The due date is Tuesday 9/17th before the end of day structions Multiple Attempts This test allows 2 attempts. This is attempt number 1 Force Completion This test can be saved and resumed later. Question Completion Status Moving to another question will save this response Question 2 US GDP in 2000 was roughly $125 trillion and roughly $16.5 trillion in 2015. What was the average annual rate of GDP growth in that time period a w E RT Y ulo Test Information Description This homework is related to Chapters III and IV. Specifically the preliminaries of growth and the produ The due date is Tuesday 9/17th before the end of day. Instructions Multiple Attempts This test allows 2 attempts. This is attempt number 1. Force Completion This test can be saved and resumed later. Question Completion Status: -> Moving to another question will save this response Question 3 Suppose x grows at a rate of 20% and y grows at a rate of 2%, what is the growth rate of z, when zx/y? 8% 16% 18% 22% esc WEB Tv The due date is Tuesday 9/17th before the end of day. Instructions Multiple Attempts This test allows 2 attempts. This is attempt number 1 Force Completion This test can be saved and resumed later. Question Completion Status: > Moving to another question will save this response. Question 4 US GDP was approximately $6,000 billion in 1990. If US GDP had grown at 2% each year, what would the GDP have been in 2015? 6000 9000 none of the above Moving to another question will save this response esc A Moving to another question will save this response. Question 5 A production function exhibits constant returns to scale if: Doubling all inputs delivers exactly twice the output. Doubling all inputs delivers exactly more than twice the output. Doubling all inputs delivers exactly less than twice the output. none of the above > A Moving to another question will save this response. MacBd orce Completion This test can be saved and resumed later. Question Completion Status: Moving to another question will save this response. Jestion 6 The marginal product of capital (MPK) is: The additional unit of output that is produced when both labor and capital are increased by one unit. The additional output that is produced when there is technological improvement. The additional output that is produced when one unit of labor is added, holding all other inputs constant. The additional output that is produced when one unit of capital is added, holding all other inputs constant. > Moving to another question will save this response. 0906 190, NE Test Information Description. This homework is related to Chapters and Specifically the preliminaries of growth and the production model The due date is Tuesday 9/17th before the end of day cons Multiple Attempts This test allows 2 attempts. This is attempt number 1 Force Completion This test can be saved and resumed later Question Completion Status: Moving to the wi th response Question 7 Y Calculate the marginal product of capital (PO Consider the Cote Douglas production function with capital exponent 2/ 3 1/3 2/3 as 2131 2/3A / Moving to another question will save this response o WERTY ulo A S D F G H J -> Moving to another question will save this response. Question 8 If the production function has constant returns to scale in capital and labor. it will exhibit increasing returns in capital alone and in labor alone. it will only exhibit decreasing returns to capital alone. it will exhibit decreasing returns in capital alone and in labor alone. it will only exhibit decreasing returns to labor alone. wak Stud Moving to another question will save this response. MacBook F esc Force Completion this test can be saveu du Tusume later. Question Completion Status: > A Moving to another question will save this response. Question 9 Using the simple production model, Y-AK1/3-2/3, what would the equilibrium wage be if A=1, K=10 and L=20? 0.6 0.53 0.75 0.84 > Moving to another question will save this response. MacBook Pro Instructions Multiple Attempts This test allows 2 attempts. This is attempt number 1. Force Completion This test can be saved and resumed later. Question Completion Status: Moving to another question will save this response. Question 10 Using the simple production model, Y-AKTISL213, what would the equilibrium wage be if A-1, K-5 and L 207 0.53 0.6 0.75 0.84 Moving to another question will save this response. is is attempt number 1. Force Completion This test can be saved and resumed later. Question Completion Status: Cose Window Moving to another question will save this response. Question 11 Question 11 of 14 10 points Soverom Imagine that the economy has a production function YAKLA and we are operating at equilibrium with wages, we and rental rate the long run (Y2) if by some natural disaster L suddenly fell by half? : how would the initial output compare to the output in Initial output would be the same as output in the medium-run Initial output would be larger than that in the medium.run Initial output would be smaller than that in the medium-run none of the above > Moving to another question will save this response. Question 11 of 14 Close Window Question Completion Status: Cose Window > Moving to another question will save this response. Question 13 of 14 Question 13 10 points Save "Imagine that the economy has a production function Y-AK13:23 and we are operating at equilibrium with wages, w* and rental rater: how would the initial equilibrium wage (wo) compare to the equilibrium wage in the long run ( 2) if by some natural disaster L suddenly fell by half WO>w*2 w and w*2 would be the same w*0