Econ

What variables have followed the so-called 'hockey-stick' trajectory—that is, little to no growth for most of history followed by a sudden and sharp change to a positive growth rate?

GDP per capita, labour productivity, atmospheric CO2

Imagine that the GDP per capita of a country had doubled every 100 years. You are asked to draw both linear and ratio scale graphs that plot GDP on the vertical axis, and the year on the horizontal axis. What will be the shapes of the curves?

Linear scale graph: An upward-sloping curve with increasing slope (called convex shape) Ratio scale graph: An upward-sloping straight line

Which of the following are examples of private property? computers belonging to your college, a farmer's land in Soviet Russia, shares in a company, a worker's skills

computers belonging to your college, shares in a company

What does UK GDP per capita measure?

the total output of the UK's economy, divided by the country's population