Real GDPReal GDPPopulationPopulation Country(Millions)(Millions)(Millions)(Millions)
Real GDPReal GDPPopulationPopulation
Country(Millions)(Millions)(Millions)(Millions)
A$214,200$256,300767.7798.4
B164,300174,70037.237.8
C166,700184,3006.537.0
D200,800222,500114.49114.85
11) Refer to Table 7-1. Which country had the largest increase in per capita real GDP?
A) A
B) B
C) C
D) D
12) Refer to Table 7-1. Which country experienced the highest rate of nominal economic growth?
A) A
B) B
C) C
D) D
13) Refer to Table 7-1. Which country experienced the largest improvement in real income?
A) A
B) B
C) C
D) D
14) Refer to Table 7-1. Which country has the lowest increase in per capita real GDP?
A) A
B) B
C) C
D) D
15) Real GDP is a serviceable measure of
A) economic welfare.
B) cost of living standards.
C) cultural superiority.
D) productive activity.
16) Economic growth is usually defined as
A) the rate of increase in output divided by the increase in labour.
B) the increase in output over time, as measured by real per capita GDP.
C) the increase in input availability.
D) the reduction in the real cost of necessities.
17) Economic growth is best measured by increases in
A) nominal personal income.
B) nominal GDP.
C) per capita real GDP.
D) per capita nominal GDP.
18) The faster economic growth is, the
A) steeper the slope of the production possibilities curve.
B) farther the production possibilities curve shifts out.
C) closer to the origin the production possibilities curve becomes.
D) more bowed the production possibilities curve becomes.
19) The slower economic growth is, the
A) flatter the slope of the production possibilities curve.
B) farther the production possibilities curve shifts inward.
C) closer to the origin the production possibilities curve becomes.
D) more bowed the production possibilities curve becomes.
Table 7-2
1999200019992000
CountryReal GDPReal GDPPopulationPopulation
(Millions)(Millions)(Millions)(Millions)
A$ 280,000$ 300,000832.5849.5
B235,000260,00014.814.9
C28,20033,4002.73.0
D5,200,0005,445,000248.8250.0
20) In Table 7-2, which country experienced the greatest economic growth from 1999 to 2000?
A) A
B) B
C) C
D) D
Abhinav
07-Dec-2019
