When the Per-worker Production shifts upward it is primarily due to

a. Technological Change

b. Increasing Standard of living

c. Increasing Savings

d. None of the above

The most commonly used measure of this average standard of living is real G D P per capita which is: a the amount of production in the economy per person adjusted for changes inthe price level. b the amount of consumption in the economy per person adjusted for changes in the price level. d. None of the above. c. the amount of income in the economy per person adjusted for changes in theprice level.

Financial markets are markets where financial securities such as

d. None of the above

b.all stocks bonds bank deposits and insurance certificates are transacted

c.only Bank deposits are documented

a. stocks and bonds are bought and sold.

The European Union gdp growth rate was 5.39%in 2021; however during 2020 its growth rate was negative 5.68% (-5.68%). So what was the growth rate of the European Union between 2020-21?

c. 10.09%;

d. 0.77%

a. 2.3%;

b. 11.07%;

Sudan is an impoverished nation in Africa. As per the World Bank statistics its Per capita GDP in 2021 was 752 US dollars. How long will it take to double its per-capita

GDP to be double if it can grow at the rate of 6% per year?

c. 11.7 years;

a. 13 years;

d. 17.5 years.

b. 16 years;

The long-run Economic growth of any country can be identified by

1. Its GDP growth rate over years
2. Per-capita increase in average income
3. Better livings standard
4. Improved overall infrastructure
5. e. All of the above

To improve the overall labor productivity in any country there has to be increase in capital per hour worked

a. True ---------

b. False -------