Practice Quiz on Growth

    Part one. Explain briefly how each of the following affects a country's standard of living.

  1. The level of education

  2. The saving rate

  3. The value of natural resources

  4. The willingness to adopt innovations

  5. The amount of foreign aid received

  6. Whether or not the country is capitalist or Communist

    7. Part two. Explain briefly how each of the following affects a country's level of capital per worker.

  7. The saving rate

  8. The depreciation rate

  9. The population growth rate

  10. Whether or not the country is capitalist or Communist

    11. Part three.

  11. In what century was average economic growth the fastest?

  12. What factors make it likely that someone 30 years old today is better off than their parents were at age 30?

  13. What factors keep environmentalist predictions that we will run out of crucial resources from coming true?