Question : 11) If real GDP per capita in the United States : 1388398

 

 

11) If real GDP per capita in the United States is $8,000, what will real GDP per capita in the United States be after 5 years if real GDP per capita grows at an annual rate of 3.2%?

A) $8,520

B) $9,280

C) $9,365

D) $10,560

 

 

12) If real GDP per capita in Ireland is estimated to be $7,400 in 2014, what will real GDP per capita be in 2019 if real GDP per capita grows at an annual rate of 2.8%?

A) $7,607

B) $8,496

C) $9,472

D) $20,720

 

 

13) If real GDP per capita in the United States is $8,000 in 2013, and if real GDP per capita is $12,000 in 2023, what is the average annual percent change in the growth rate of GDP per capita between 2013 and 2023?

A) 3.33%

B) 5%

C) 33%

D) 50%

 

14) If real GDP per capita in the United States is $8,000 in 2013, and if real GDP per capita is $12,000 in 2023, what is the total percent change in the growth rate of GDP per capita between 2013 and 2023?

A) 3.33%

B) 5%

C) 33%

D) 50%

 

 

15) Increasing the growth rate of GDP per capita and sustaining this growth rate in an economy can

A) increase infant mortality.

B) increase standards of living.

C) increase the level of poverty.

D) lower life expectancy.

 

 

16) Between 1960 and 2010, deaths among children have

A) declined in most high-income countries and have risen in most low-income countries.

B) declined in nearly all countries, including most low-income countries.

C) remained relatively unchanged in most high-income countries and have declined in most low-income countries.

D) declined in most high-income countries and have remained relatively unchanged in most low-income countries.

 

17) Which of the following accurately describes economic growth and standards of living between 1,000,000 B.C. and 1300 A.D.?

A) Standards of living in 1300 A.D. were substantially better than what they were in 1,000,000 B.C.

B) Standards of living substantially declined from 1,000,000 B.C. to 1300 A.D.

C) Significant economic growth took place between 1,000,000 B.C. and 1300 A.D.

D) No sustained economic growth occurred between 1,000,000 B.C. and 1300 A.D.

 

 

18) The best measure of a country’s standard of living is

A) GDP per labor hour.

B) GDP per unit of capital.

C) GDP per capita.

D) total nominal GDP.

 

 

19) If a country’s real GDP is rising by 3% per year while its population is rising at 5% per year, which of the following is true?

A) The country’s standard of living is falling.

B) The country’s standard of living is rising.

C) Growth in nominal GDP outweighs growth in the population.

D) Growth in nominal GDP is less than the growth in the population.

 

Table 11-1

 

Country

GDP

(billions of dollars)

Population

(millions of people)

Sweden

$3.85

9.05

Ireland

  2.23

4.21

 

20) Refer to Table 11-1. Based on the table above, which country has a higher standard of living and why?

A) Sweden has a higher standard of living because their GDP is higher.

B) Ireland has a higher standard of living because their GDP per capita is higher.

C) Sweden has a higher standard of living because their GDP per capita is higher.

D) Ireland has a higher standard of living because growth in GDP is greater in Ireland than in Sweden.