Question : 56) For the world, what period of time experienced the : 1224099

 

56) For the world, what period of time experienced the fastest growth rate of real GDP per person?

A) around 500 B.C.

B) around 400 A.D.

C) between 1000 A.D. and 1500 A.D.

D) after about 1850 A.D.

E) between 1500 A.D. and 1850 A.D.

 

 

57) Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. During this time there was a period when it rose to ________ around ________ because ________.

A) $210; 1620; the Pilgrim Fathers began to arrive in the Americas

B) $210; 1492; Columbus sailed to the Americas

C) $140; 400 BC; the Roman Empire collapsed

D) $190; 500 BC; of the gains from human capital while Aristotle and Plato were teaching in Athens

E) a 1-million year high; the 1340s; the Black Death gripped Europe

 

 

58) Real GDP per person averaged $150 a year (in 2009 dollars) from 1,000,000 BC until 1620. Then in ________ real GDP began to increase without limit and by 1850 had risen to twice its 1650 level because ________.

A) 1650; the Pilgrims arrived in the Americas

B) 1750; Columbus arrived in the Americas

C) 1650; of the Industrial Revolution

D) 1750; of the Industrial Revolution

E) 1776; United States was founded

 

59) Since the beginning of the 20th century the decade with the slowest real GDP per person growth rate other than the 1930s is ________ because of the ________.

A) 2000-2010; the war on terror

B) 1990-2000; fear of Y2K

C) 1930-1940; Great Depression

D) 2000-2010; 2008/2009 deep recession

E) 2010-2020; Keynesian economic policies being used more frequently than in the 1930s

 

 

60) The economic growth rate is measured as the

A) annual percentage change of real GDP.

B) annual percentage change of employment.

C) amount of real GDP.

D) annual percentage change of the population.

E) amount of population.

 

 

61) Economic growth is a sustained expansion of production possibilities measured as the increase in ________ over a given period.

A) real GDP

B) real GDP per person

C) the standard of living

D) capital per person

E) population

 

62) The economic growth rate is expressed as the

A) annual percentage change of real GDP per person.

B) growth rate of real GDP minus the growth rate of population.

C) standard of living.

D) annual percentage change of real GDP.

E) growth rate of the population.

 

 

63) Real GDP is $9 trillion in the current year and $8.6 trillion in the previous year. The economic growth rate between these years has been

A) 10.31 percent.

B) 4.65 percent.

C) 5.67 percent.

D) 7.67 percent.

E) $0.4 trillion.

 

 

 

64) The table gives information about the economy of Japan. The economic growth rate in 1997 is ________ percent.

A) 8.0

B) 0.8

C) 0.08

D) 0.008

E) 4

 

65) The standard of living is measured by

A) real GDP.

B) employment.

C) employment per person.

D) real GDP per person.

E) the population.

 

 

66) If the growth rate of population is greater than a nation’s growth rate of real GDP, then its real GDP per person

A) falls.

B) rises.

C) does not change.

D) might rise, fall, or not change.

E) cannot be measured.