1) Infrastructure includes:

government bonds.

household savings.

corporate stock.

the water supply system.

2) The labor force is the total:

population.

number of people in the population of working age.

number of people employed.

number of people who are employed or unemployed.

3) From 2010 to 2011, nation A's real GDP increased from $100 billion to $106 billion and its population grew from 50 million to 51 million. Its annual growth rate in real GDP per capita was approximately _____%.

4

1

6

-3

4) If nominal GDP decreases from one year to the next, _____ must have fallen.

Real GDP or prices or both

real GDP

prices and real GDP

prices

5) Economic growth is likely to entail:

lower saving.

a reduction in investment.

a decrease in the capital stock.

higher saving.

6) Workers today are more productive than they were in the past because they:

work a four-day week.

are better educated and so have more human capital.

are physically larger than were their parents.

have more natural resources to use.