Problem 1
In what particular ways (if any) does a college education increase a worker's productivity? Take some special care with this problem.
Problem 2
In what way is Per Capita GDP a better measure of economic well being than GDP? How does this relate to economic problems in the undeveloped world?
Problem 3
Is limitless growth possible? Justify your answer thoroughly.
Problem 4
If GDP is increasing by 3% per year how long will it take GDP to double?
Problem 5
Given the same conditions in Problem 4, how long will it take Per Capita GDP to double if the population grows at 2%?