3 Over The Course Of The 20th Century Real Gdp Per Capita In The Us Rose Mostly As A 1189509

3.)Over the course of the 20th century, real GDP per capita inthe US rose mostly as a result of:

A.) Rising employment

B.)An increase in the averagehours of work.

C.) Rising population

D.)Rising productivity

4.) The production function exhibits:

A.)

Increasing returns to physical capital.

B.)

Constant returns to physical capital.

C.)

Diminishing returns to physical capital.

D.)

Negative returns to physical capital.

5.) In the production function, which of the following isrepresented by K/L:

A.)

Capital per worker.

B.)

Output per worker.

C.)

Technology.

D.)

Real GDP per capita.

6.)For a developed country, the most important driver ofproductivity growth is:

A.) Labor unions.

B.)

Technology.

C.)

The presence of natural resources.

D.)

Government programs for the quality of work.

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