What is human capital?
A) a slang term for the underground labour market
B) manufactured goods that are used to produce other goods
C) accumulated knowledge and skills acquired by a worker
D) the manager or owner of a business
E) the number of workers a firm can hire on short notice
Correct Answer:
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Q57: Suppose that real GDP for 2010 was
Q58: The rule of 70 states that
A)it takes
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Q61: India has enjoyed substantial economic growth over
Q63: Potential GDP in Canada
A)does not change over
Q64: Which of the following is not a
Q66: An increase in labour productivity
A)allows the average
Q67: _ depend on increases in labour productivity.
A)Advances
Q71: Potential GDP is always greater than real
Q77: What factors increase potential GDP? Include a
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