Most of the growth in U.S. real GDP since 2001 can be attributed to: 1. growth...

 

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Most of the growth in U.S. real GDP since 2001 can be attributed to: 1. growth in the labor force. 2. discovery of new natural resources. 3. increased labor productivity. 4. increased government spending. QUESTION 21 In November 2000, General Motors produced an automobile that was delivered to a local dealership in December 2000. The auto was sold to Isaiah McAllister for personal use in February of 2001. Following national income accounting practices, this auto would be counted as: a. investment in 2000 and consumption in 2001. b. consumption in 2000 and consumption in 2001. Oc, negative investment in 2000 and consumption in 2001. d, consumption in 2000 and negative investment in 2001. QUESTION 22 Economic and political turmoil in the Middle East has resulted in significant increases in the price of petroleum. From the perspective of the U.S. economy within the framework of the AS-AD model, this would most likely create: 1.a negative aggregate supply shock. 2. a positive aggregate demand shock. 3. a positive aggregate supply shock. 4. a negative aggregate demand shock. Most of the growth in U.S. real GDP since 2001 can be attributed to: 1. growth in the labor force. 2. discovery of new natural resources. 3. increased labor productivity. 4. increased government spending. QUESTION 21 In November 2000, General Motors produced an automobile that was delivered to a local dealership in December 2000. The auto was sold to Isaiah McAllister for personal use in February of 2001. Following national income accounting practices, this auto would be counted as: a. investment in 2000 and consumption in 2001. b. consumption in 2000 and consumption in 2001. Oc, negative investment in 2000 and consumption in 2001. d, consumption in 2000 and negative investment in 2001. QUESTION 22 Economic and political turmoil in the Middle East has resulted in significant increases in the price of petroleum. From the perspective of the U.S. economy within the framework of the AS-AD model, this would most likely create: 1.a negative aggregate supply shock. 2. a positive aggregate demand shock. 3. a positive aggregate supply shock. 4. a negative aggregate demand shock.

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For the first question 1 Most of the growth in US real GDP since 2001 can be attributed to The correct answer is 3 increased labor productivity This is because increased labor productivity leads to hi... View the full answer