With all other economic forces held constant, an increase in labor productivity throughout the country implies _____.

a. a decrease in GDP due to an increase in labor hours
b. an increase in GDP with labor hours held constant
c. a decrease in GDP with labor hours held constant
d. an increase in GDP due to an increase in labor hours

Technological and Economic Growth Quick Check answers for Connections 2021

1.) With all other economic forces held constant, an increase in labor productivity throughout the country implies ____.

B.) an increase in GDP with labor hours held constant

2.) Which of the following illustrates an increase in human capital?

D.) A graphic designer attends a week-long seminar and earns advanced skills she can apply to her work

3.) Which of the following would constitute a technological improvement?

D.) the discovery of a way to improve software speed that increases employee productivity

4.) Which of the following will likely lead to an increase in the standard of living for American consumers?

A.) discover an inexpensive way to make steel

5.) You overhear a classmate making the claim that productivity-enhancing technological improvements will immediately benefit everyone in the economy. This statement is ____.

D.) False since technological improvements can lead to certain jobs becoming obsolete

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1. an increase in GDP with labor hours held constant

2. A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.
3. the of a way to improve software speed that increases employee productivity
4. discovering an inexpensive way to make steel
5. The emergence of advanced travel, information, communication, and even consumerism has caused the global economy to develop and expand.

My last question on the quick check was different, so I put the answers for it. Similar to hellos, but the last is the answer I got.
100% Technology and Economic Growth Quick Check
No one

1. With all other economic forces held constant, an increase in labor productivity throughout the country implies _____.

A: An increase in GDP with labor hours held constant

2. Which of the following illustrates an increase in human capital?
A: A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.

3. Which of the following would constitute a technological improvement?
A: the discovery of a way to improve software speed that increases employee productivity

4. What effect does capital formation play in economic growth?
A: Capital formation tends to lead to an increase in real GDP which causes economic growth to rise.

5. How does a country generate income for additional capital?
A: exchanging bonds for savings from households

Technology and Economic Growth Quick Check

With all other economic forces held constant, an increase in labor productivity throughout the country implies _____.

Answer: an increase in GDP with labor hours held constant

Which of the following illustrates an increase in human capital?

Answer: A graphic designer attends a week-long seminar and learns advanced skills she can apply to her work.

Which of the following would constitute a technological improvement?

Answer: the discovery of a way to improve software speed that increases employee productivity

What is one common way that inflation is measured?

Answer: the percentage change in a consumer price index from one time period to the next

Your economics professor says the following statement:

“All economic crises give at least some indication that they are coming, usually through abnormal changes in leading macroeconomic indicators.”

Is there a flaw in this reasoning? If yes, explain.

Answer: Yes, there is a flaw in this reasoning. Some economic crises, such as those caused by natural disasters, cannot be predicted through economic indicators.

We’re in this together! Is 100% right. Thank you.

You're welcome! Glad to hear the answers were correct. If you have any more questions, feel free to ask!