Barro_宏观经济学.(5th)_课后习题答案课件.docVIP

Exercise for Macroeconomics Chapter 3 TRUE/FALSE 1. The standard of living of people in a country is their per capita income. 2. Diminishing returns to labor implies that eventually the marginal product of labor will become negative. 3. The marginal product of capital is how much output changes when capital increases by one unit. 4. Saving is income that is not consumed. 5. Real saving equals gross investment. MULTIPLE CHOICE 1. World growth data shows that from 1960 to 2000: a. the US and other OECD countries grew at moderate rates. c. some countries particularly East Asian countries grew rapidly. b. sub-Saharan African countries grew at low rates or declined. d. all of the above. 2. World growth data reveals that from 1960 to 2000: a. the US and other OECD countries grew at moderate rates. c. some countries particularly East Asian countries grew a low rates or declined. b. sub-Saharan African countries grew rapidly. d. all of the above. 3. World growth data reveals that from 1960 to 2000: a. the US and other OECD countries stagnated. c. some countries particularly East Asian countries grew at low or negative rates. b. sub-Saharan African countries grew at low or negative rates. d. all of the above. 4. World growth data reveals that from 1960 to 2000: a. all countries grew at similar rates. c. some countries particularly East Asian countries grew rapidly. b. sub-Saharan African countries grew moderately. d. the US and other OECD countries stagnated. 5. The US and other OECD countries had high levels of GDP per person in 2000 despite growing at a moderate rate from 1960 to 2000 because: a. of exploitation of foreign countries. c. they stole the wealth of less developed countries. b. their economies had grown at a moderate rate for a century or more. d. all of the above. 6. If A in the production function Y = A ? F(K,L) rises, then: a. output rises for any level of K and L. c. the marginal product of capital rises. b. the marginal pr