22:17 11/5/25 Macro Unit 4 - Production and Growth | Blooket
Blooket | Question Set Name
Date
Macro Unit 4 - Production and Class
Growth
1. A nation's standard of living is best measured by its
a) real GDP. b) real GDP per person.
c) nominal GDP. d) nominal GDP per person.
2. The one variable that stands out as the most significant explanation of large
variations in living standards around the world is
a) productivity. b) population.
c) preferences. d) prices.
3. Perry accumulated a lot of mathematical skills while in high school, college,
and graduate school. Economists include these skills as part of Perry’s
a) standard of learning. b) technological knowledge.
c) physical capital. d) human capital.
4. A barber shop produces 96 haircuts a day. Each barber in the shop works 8
hours per day and produces the same number of haircuts per hour. If the shop’s
productivity is 3 haircuts per hour of labor, then how many barbers does the
shop employ?
a) 2 b) 3
c) 4 d) 6
5. Which of the following is a determinant of productivity?
a) human capital per worker b) physical capital per worker
c) natural resources per worker d) All of the above are correct.
6. If natural resources had become scarcer, then we would expect their
prices to have risen more than inflation prices to have risen more than
a) b)
as they have. inflation, but they have not.
known quantities to have fallen as known quantities to have fallen but
c) d)
they have. they have not.
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22:17 11/5/25 Macro Unit 4 - Production and Growth | Blooket
7. Suppose that a country increased its saving rate. In the long run it would have
higher productivity, and another unit of higher productivity, but another unit of
a) capital would increase output by more b) capital would increase output by less
than before. than before.
lower productivity, and another unit of lower productivity, but another unit of
c) capital would increase output by more d) capital would increase output by less
than before. than before.
8. An increase in the saving rate would, other things the same,
increase growth more for a poor increase growth more for a poor
a) country than for a rich country, and b) country than for a rich country, but
raise growth permanently. raise growth temporarily.
increase growth more for a rich increase growth more for a rich
c) country than for a poor country, and d) country than for a poor country, but
raise growth permanently. raise growth temporarily.
9. When Mexico experiences investment from abroad, it experiences, as a result,
a decrease in Gross National Product
a) an increase in productivity. b)
(GNP).
c) lower wages for Mexican workers. d) None of the above is correct.
10. Other things the same, higher population growth
raises the amount of physical capital raises the amount of physical capital
per worker and there is some evidence per worker, but there is some evidence
a) b)
that it raises the pace of technological that it reduces the pace of
progress. technological progress.
reduces the amount of physical capital reduces the amount of physical capital
per worker, but there is some evidence per worker and there is some evidence
c) d)
that it raises the pace of technological that it reduces the pace of
progress. technological progress.
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