宏观经济学曼昆第版配套习题.doc

宏观经济学曼昆第版配套习题.doc

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Chapter04/ProductionandGrowthF351

Chapter4

ProductionandGrowth

MultipleChoice

1. Anation’sstandardoflivingismeasuredbyits

a. realGDP.

b. realGDPperperson.

c. nominalGDP.

d. nominalGDPperperson.

ANSWER:

b. realGDPperperson.

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MDIFFICULTY:

1SECTION:

12.0

2. IncomeindevelopingcountrieslikeIndiaandIndonesia

a. is1/10thorlessofthatindevelopedcountrieslikeJapanandtheUnitedStates.

b. isabout1/8thofthatindevelopedcountrieslikeJapanandtheUnitedStates.

c. isabout1/5thofthatindevelopedcountrieslikeJapanandtheUnitedStates.

d. isabout1/3to1/2ofthatindevelopedcountrieslikeJapanandtheUnitedStates.

ANSWER:

a. is1/10thorlessofthatindevelopedcountrieslikeJapanandtheUnitedStates.

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3. OverthepastcenturyintheUnitedStates,realGDPperpersonhasgrownbyabout

a. 1percentperyear.

b. 2percentperyear.

c. 4percentperyear.

d. 6percentperyear.

ANSWER:

b. 2percentperyear.

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4. DuringthepastcenturytheaveragegrowthrateofU.S.realGDPperpersonimpliesthatitdoubledaboutevery

a. 100yearsonaverage.

b. 70years.

c. 35years.

d. 25years.

ANSWER:

c. 35years.

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25.0

5. Overthepast100years,U.S.realGDPperpersonhasdoubledaboutevery35years.Ifinthenext100yearsitdoublesevery25years,thenacenturyfromnowU.S.realGDPperpersonwillbe

a. 4timeshigherthanitisnow.

b. 8timeshigherthanitisnow.

c. 12timeshigherthanitisnow.

d. 16timeshigherthanitisnow.

ANSWER:

d. 16timeshigherthanitisnow.

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6. ThelevelofrealGDPperson

a. differswidelyacrosscountries,butthegrowthrateofrealGDPperpersonissimilaracrosscountries.

b. isverysimilaracrosscountries,butthegrowthrateofrealGDPperpersondifferswidelyacrosscountries.

c. andthegrowthrateofrealGDPperpersonaresimilaracrosscountries.

d. andthegrowthrateofrealGDPperpersonvarywidelyacrosscountries.

ANSWER:

d. andthegrowthrateofrealGDPperpersonvarywidelyacrosscountries.

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7. OverthepastcenturyintheUnitedStates,averageincomeasmeasuredbyrealGDPperpersonhasgrownabout

a. 3.5percentperyear,whichimpliesadoublingaboutevery20years.

b. 2percentperyear,whichimpliesadoublingaboutevery35years.

c. 4percentperyear,whichimpliesadoublingaboutevery17.5years.

d. noneoftheabovearecorrect.

ANSWER:

b. 2percentperyear,whichimpliesadoublingaboutevery35years.

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8. IntheUnitedStates,asmeasuredbyrealGDPperperson,averageincomeisabouthowmanytimesashighasaverageincomeacenturyago?

a. 2

b. 4

c. 6

d. 8

ANSWER:

d. 8

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9. Newproductsareinventedeveryyear.ConsequentlyrealGDPgrowth

a. probablyunderestimatestherateofrealeconomicgrowth.

b. probablyoverestimatestherateofrealeconomicgrowth.

c. probablyaccuratelyestimatestherateofrealeconomicgrowth.

d. israrelyused.

ANSWER:

a. probablyunder-estimatestherateofrealeconomicgrowth.

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10. Inrecentdecades,averageincomeinsomeEastAsiancountries,suchasHongKong,Singapore,andTaiwan,hasrisenabout

a. 2percentperyear.

b. 4percentperyear.

c. 7percentperyear.

d. 10percentperyear.

ANSWER:

c. 7percentperyear.

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11. InsomeEastAsiancountries,averageincome,asmeasuredbyrealGDPperperson,hasgrownatanaverageannualratethatimpliesoutputshoulddoubleaboutevery

a. 10years.

b. 15years.

c. 20years.

d. 25years.

ANSWER:

a. 10years.

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12. Inthelengthofonegeneration,whichofthefollowingcountrieshasgonefrombeingamongthepoorestcountriesintheworldtobeingamongtherichest?

a. Chad

b. Ethiopia

c. India

d. SouthKorea

ANSWER:

d. SouthKorea

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13. Averageincomehasbeenstagnantformanyyearsin

a. Ireland.

b. Singapore.

c. Ethiopia.

d. Alloftheabovearecorrect.

ANSWER:

c. Ethiopia.

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14. Whichofthefollowingistrue?

a. AlthoughlevelsofrealGDPperpersonvarysubstantiallyfromcountrytocountry,thegrowthrateofrealGDPperpersonissimilaracrosscountries.

b. Productivityisnotcloselylinkedtogovernmentpolicies.

c. ThelevelofrealGDPperpersonisagoodgaugeofeconomicprosperity,andthegrowthrateofrealGDPperpersonisagoodgaugeofeconomicprogress.

d. ProductivitymaybemeasuredbythegrowthrateofrealGDPperperson.

ANSWER:

c. ThelevelofrealGDPperpersonisagoodgaugeofeconomicprosperity,andthegrowthrateofrealGDPperpersonisagoodgaugeofeconomicprogress.

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15. WhichofthefollowingdoesthelevelofrealGDPmeasure?

a. totalrealincome

b. productivity

c. thestandardofliving

d. Alloftheabovearecorrect.

ANSWER:

a. totalrealincome

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16. Theaverageamountofgoodsandservicesproducedfromeachhourofaworker'stimeiscalled

a. percapitaGDP

b. percapitaGNP

c. productivity

d. humancapital

ANSWER:

c. productivity

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17. Anation'sstandardoflivingisdeterminedby

a. itsproductivity.

b. itsgrossdomesticproduct.

c. itsnationalincome.

d. howmuchithasrelativetoothers.

ANSWER:

a. itsproductivity.

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18. Whichofthefollowingiscorrect?

a. Overthelast100yearsJapanhadahigheraveragegrowthratethantheUnitedStates.ItfollowsthatthestandardoflivinginJapanisgreaterthanintheUnitedStates.

b. ThetypicalpersoninPakistantodayhasaboutthesamerealincomeasatypicalAmerican100yearsago.

c. ThetypicalcitizenofChinatodayhasaboutasmuchrealincomeasthetypicalAmericanin1950.

d. Noneoftheabovearecorrect.

ANSWER:

d. Noneoftheabovearecorrect.

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MDIFFICULTY:

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19. In2000,thetypicalPakistanihadabouthowmanytimestheincomeofthetypicalAmericanin1900?

a. 2

b. 1

c. 2/3

d. 1/4

ANSWER:

d. 1/4

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20. In2000,thetypicalcitizenofChinahadaboutasmuchrealincomeasthetypicalpersonintheUnitedKingdomin

a. 1870.

b. 1920.

c. 1945.

d. 1975

ANSWER:

a. 1870.

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21. Whichofthefollowingcountries,hadthehighestgrowthrateoverthelast100years?

a. Brazil

b. Germany

c. Canada

d. UnitedStates

ANSWER:

a. Brazil

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22. Countriesthatgrewthefastestoverthelast100yearshadgrowthratesofabout

a. 0.5percent.

b. 1.5percent.

c. 2.0percent.

d. 2.5percent.

ANSWER:

d. 2.5percent.

TYPE:

MDIFFICULTY:

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23. Ofthefollowingcountrieswhichgrewtheslowestoverthelast100years?

a. Brazil.

b. Mexico.

c. China.

d. UnitedStates.

ANSWER:

d. UnitedStates.

TYPE:

MDIFFICULTY:

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24. Whichofthefollowingiscorrect?

a. Countrieswiththehighestgrowthratesoverthelast100yearsaretheonesthathadthehighestlevelofrealGDP100yearsago.

b. Mostcountrieshavehadlittlefluctuationaroundtheiraveragegrowthratesduringthepast100years.

c. Therankingofcountriesbyincomechangessubstantiallyovertime.

d. Overthelast100years,JapanhadthehighestrealGDPgrowthrate,andnowhasthehighestrealGDPperperson.

ANSWER:

c. Therankingofcountriesbyincomechangessubstantiallyovertime.

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25. Overthelast100yearswhichofthefollowinghadgrowthrateshigherthanthatoftheUnitedStates?

a. theUnitedKingdom

b. Bangladesh

c. Pakistan

d. Noneoftheabovearecorrect.

ANSWER:

d. Noneoftheabovearecorrect.

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26. Whichofthefollowingnationsexperiencedaverageratesofeconomicgrowthoflessthan2.0percentoverthelast100years?

a. Bangladesh

b. Pakistan

c. UnitedKingdom

d. Alloftheabovearecorrect.

ANSWER:

d. Alloftheabovearecorrect.

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27. In1870,therichestcountryintheworldwas

a. theUnitedStates.

b. Spain.

c. theUnitedKingdom.

d. Germany.

ANSWER:

c. theUnitedKingdom.

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28. In2002realGDPperpersoninOlympuswas4,500.In2001itwas4,250.WhatwasthegrowthrateofrealGDPperperson?

a. 5.6percent

b. 5.9percent

c. 6.5percent

d. Noneoftheabovearecorrecttothenearesttenth.

ANSWER:

b. 5.9percent

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MDIFFICULTY:

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29. In2002realGDPinOceaniawas561.0billionandthepopulationwas2.2million.In2001realGDPwas500.0billionandthepopulationwas2.0million.WhatwastheapproximategrowthrateofrealGDPperperson?

a. 12percent

b. 10percent

c. 4percent

d. 2percent

ANSWER:

d. 2percent

TYPE:

MDIFFICULTY:

3SECTION:

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30. In2002realGDPinLataniawas750billionandthepopulationwas3million.In2003realGDPwas907.5andthepopulationwas3.3million.WhatwastheapproximategrowthrateofrealGDPperperson?

a. 10percent

b. 14percent

c. 17percent

d. 21percent

ANSWER:

a. 10percent

TYPE:

MDIFFICULTY:

3SECTION:

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31. In2002,Freedoniahadapopulationof2,700andrealGDPofabout11,610,000.In2001ithadapopulationof2,500andrealGDPofabout10,000,000.WhatwastheapproximategrowthrateofrealGDPperpersoninFre