1) From 2017 to 2018, U.S. real gross domestic product (GDP) increased by 2.9% and the U.S. population grew by 0.7%. Therefore, real per capita GDP in the United States increased by ________.

Group of answer choices

2.2%

2.9%

3.2%

5.4%

7.1%

2) Which of the following would expand human capital?

Group of answer choices

a computer

oil

internet access

a new production technique

completing on-the-job training

3) Lauren owns a bakery. She wants to increase her daily production of baked goods, so she knows she needs to acquire more resources. Which of the following actions would represent an increase in the human capital resource at her bakery?

Group of answer choices

buying additional ovens

repairing a broken delivery van

hiring more employees

buying better-quality ingredients

moving into a larger space

4) Krista owns a hair salon. She wants to increase the number of clients she serves each month, and she wants to use a technological advance to do so ________ would represent a technological advance at her hair salon.

Group of answer choices

more scissors, combs, and mirrors

better training for her staff

increasing the number of employees

installing a new hair dryer that can dry hair in half the time, with less damage to the hair,

a larger hair salon with more chairs

5) A new senator promises to double the real gross domestic product (GDP) by the end of her six-year term. The average annual economic growth rate would have to be about ________ for this to happen.

Group of answer choices

4%

7.2%

11.7%

15%

17.5%