Question:

Book Reference: Economic Growth (3rd Edition) By David N.Weil 

Chapter 6 Questions For Review

2. Why is health considered an element of human
capital? How does human capital in the form of
health differ from human capital in the form of
education?

5. How can we use data on the return to education
to estimate how differences in education among
countries contribute to differences in income
among countries?

Chapter 9 Questions For Review

2. What was the productivity slowdown? Was it
necessarily caused by a slowdown in the growth
rate of technology?

5. Given that technological progress proceeds at
different speeds in different sectors of the
economy, what implications do these
differences have for the growth rate of
aggregate output?

Chapter 10 Questions For Review

1. What is efficiency? How are efficiency,
technology, and productivity related?

2. How does knowing the technological "gap"
between two countries allow us to infer
differences in their levels of efficiency?

5. What are the conditions under which free
movement of workers between sectors will
achieve an efficient allocation of labor?

Chapter 11 Questions For Review

1. How can the law of one price be used to assess
the degree of economic integration of two
countries?

2. What factors have led to the increase in globalization
over the last 200 years?

3. If an economy is perfectly open to capital flows
from the rest of the world, how is the level of
GDP related to the saving rate?

5. How does domestic production change when a
country becomes open to international trade?

Chapter 13 Questions For Review

2. How is the Gini coefficient constructed? What
values of the Gini coefficient correspond to
perfect equality and perfect inequality?

5. How does income inequality affect the
accumulation of physical and human capital?

Chapter 16 Questions For Review

4. What is the theoretical relationship between
current and future prices for a natural resource?
What can cause this mechanism to break down?
5. Why is the long-run price elasticity of demand
for a resource generally higher than the shortrun
price elasticity of demand?
6. Why does the environmental Kuznets curve
have an upside-down U shape?

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