Labor productivity increases with technologies change. Technological change would be which of the following?

1) a company getting new machines

2) advances in pure science, such as the discovery of gravity

3) invention and innovation

4) government polices funding research and development

Deepening human capital involves ?

1) increasing the number of workers

2) increasing the number of machines per worker

3) increasing the levels of education per worker

4) using more machines then worker

An argument against convergence is that

1) Physical capital

2) Labor

3) Technological improvements

4) natural resources

Which of the following is not a fundamental requirement for sustainable economic growth?

1) property rights

2) Rule of Law

3) Contractual Rights

4) All of them are necessary

Because of capital deepening, Both GDP and GDP per capita increase

1)true

2) false

Which of the following will not contribute to the GDP per capita growth?

1) Physical capital

2) human capital

3) labor force

4) technology

Which of the following will contribute to the GDP Growth?

1) human capital

2) physical capital

3) size of labor force

4) all of above

Which of the following contributes most to the Gdp per capita growth ?

1) technology

2) labor force

3) physical capital

4) human capital

In the US, GDP per capita has almost tripled from $38/person in 1960 to $110/person in 2018.

1) true

2)false

Which of the following can be an example of a policy aiming at increasing human capital?

a) Government provides a discount on IT equipment for the unemployed

b) Government provides free housing to the unemployed

c) Government provides computer training program for the unemployed

d) Government provides unemployment benefits to the unemployment

Technology refers to both Innovation and Invention.

a)True

b)False

Which of the following can be an example of physical capital?

1) Google requires that all employees go through an Hr training

2) Google installs three connected screens to all employee desks

3) Google starts using a new network within their company

4) all of above