1) A sudden technological advance will generally result in (a) higher output and
ID: 1131721 • Letter: 1
Question
1) A sudden technological advance will generally result in
(a) higher output and lower investment
(b) higher output and higher investment
(c) higher output but no impact on investment
(d) no impact on output or investment
(e) lower output
2) Colonialism affected African growth by
(a) fractionalizing the continent ethnically and linguistically
(b) extracting rents for repatriation to Europe
(c) neglecting development in regions of high mortality
(d) establishing exploitative political institutions that persist to the present day
(e) all of the above
3) Compared with North and South Africa, Sub-Saharan Africa has
(a) higher GDP per capita
(b) more fertile soil for agriculture
(c) greater access to ports
(d) greater susceptibility to malaria
(e) none of the above
4) The most important effect of increased schooling on long run national output is that it
(a) keeps teachers employed
(b) prevents students from being counted as unemployed
(c) increases human capital
(d) delays entry into the work force
(e) requires the production of more books and other supplies
(a) higher output and lower investment
(b) higher output and higher investment
(c) higher output but no impact on investment
(d) no impact on output or investment
(e) lower output
Explanation / Answer
Answer 1:
Option B. A sudden technologival advancement will result in higher output and higher investment.
Answer 2:
Option E. Colonialism affected African growth bin the all the above mentioned ways.
Answer 3;
Option A. The Sub Saharan Africen nations have higher GDP per capita as compared to North and South Africe.
Answer 4:
Option C. Increased schooling helps in increasing human capital and thus increases long run national output of the nation.
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