71. Economic growth typically results in longer life expectancies.
False
True
72. The power of compounding explains why countries with policies aimed at increasing the
annual rate of economic growth can, over time, become much richer than countries that do not.
True
False
73.The development of social media has contributed to economic growth.
False
True
74.The provision of Pell Grants and the G.I. Bill are examples of government investment in
physical capital.
human capital.
technology.
infrastructure.
75.Which statement is the LEAST accurate about technological progress?
Technological advancements have reduced mortality rates in developing countries.
It enhances the productive capacity of all other resources.
New technologies are usually created in developing countries without foreign influence.
It has been the primary driver of economic growth in the United States over the past century.
.
71- Economic growth typically results in longer life expectancies- F.pdf
1. 71. Economic growth typically results in longer life expectancies.
False
True
72. The power of compounding explains why countries with policies aimed at increasing the
annual rate of economic growth can, over time, become much richer than countries that do not.
True
False
73.The development of social media has contributed to economic growth.
False
True
74.The provision of Pell Grants and the G.I. Bill are examples of government investment in
physical capital.
human capital.
technology.
infrastructure.
75.Which statement is the LEAST accurate about technological progress?
Technological advancements have reduced mortality rates in developing countries.
It enhances the productive capacity of all other resources.
New technologies are usually created in developing countries without foreign influence.
It has been the primary driver of economic growth in the United States over the past century.
