*What kind of country would see the largest fall in poverty as it grows?

one with a small Gini coefficient

one with a large Gini coefficient

*Is it possible for two countries to have the same values for the HCR but different values for the APG?

Yes

No

*If the Gini coefficient increases, what most likely happens to the 10:10 ratio?

Falls

Stays the same

Grows

*Which will be the smallest

APG

PG

*Compared to other developed economies, economic mobility in the U.S. is

High

Average

Low

*The Solow model describes how a greater saving rate leads to ___ income per person. In the real world, this ___.

higher, may not be the case

higher, is accurate

lower, may not be the case

lower, is accurate

*In the Solow model, say that alpha = .5 in two countries, A and B. Then as the savings rate increased in A, what would happen to the ratio of income of country A to that of country B?

Rise

Stay the Same

Fall

In the Solow model, what would cause the curve describing production to have an increasing slope as you move to the right in the appropriate graph?

delta < 0

delta > 0

gamma < 1

gamma > 1

alpha < 1

alpha > 1

*When population growth is added to the Solow model, it is as if ___increases.

depreciation

output

capital

capital's share of output