经济学原理对应练习--25.doc

经济学原理对应练习--25.doc

《经济学原理对应练习--25.doc》由会员分享，可在线阅读，更多相关《经济学原理对应练习--25.doc（35页珍藏版）》请在冰点文库上搜索。

Chapter25/ProductionandGrowthv1079

Chapter25

ProductionandGrowth

MultipleChoice

1. Anation'sstandardoflivingismeasuredbyits

a. realGDP.

b. realGDPperperson.

c. nominalGDP.

d. nominalGDPperperson.

ANS:

B PTS:

1 DIF:

1 REF:

25-1

TOP:

Standardofliving MSC:

Analytical

2. RealGDPperperson

a. minusrealGDPperpersonfromthepreviousperiodequalsthegrowthrateofrealGDPperperson.

b. providesmoremeaningfulcomparisonsacrosstimeandcountriesthanrealGDP.

c. providesalessusefulmeasureofthestandardoflivingthannominalGDPperperson.

d. Alloftheabovearecorrect.

ANS:

B PTS:

1 DIF:

2 REF:

25-1

TOP:

RealGDPperperson MSC:

Definitional

3. Ifonewantstoknowhowthematerialwell-beingoftheaveragepersonhaschangedovertimeinagivencountry,oneshouldlookatthe

a. levelofrealGDP.

b. growthrateofnominalGDP.

c. growthrateofrealGDP.

d. growthrateofrealGDPperperson.

ANS:

D PTS:

1 DIF:

1 REF:

25-1

TOP:

Standardofliving MSC:

Interpretive

4. OverthepastcenturyintheUnitedStates,realGDPperpersonhasgrownbyabout

a. 1percentperyear.

b. 2percentperyear.

c. 3percentperyear.

d. 4percentperyear.

ANS:

B PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowth MSC:

Definitional

5. DuringthepastcenturytheaveragegrowthrateofU.S.realGDPperpersonimpliesthatitdoubledaboutevery

a. 100yearsonaverage.

b. 70years.

c. 35years.

d. 25years.

ANS:

C PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowth MSC:

Definitional

6. IntheUnitedStates,asmeasuredbyrealGDPperperson,averageincomeisabouthowmanytimesashighasaverageincomeacenturyago?

a. 2

b. 4

c. 6

d. 8

ANS:

D PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowth MSC:

Definitional

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

a. 4timeshigherthanitisnow.

b. 8timeshigherthanitisnow.

c. 12timeshigherthanitisnow.

d. 16timeshigherthanitisnow.

ANS:

D PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowth MSC:

Definitional

8. Overthelastcentury,USrealGDPperpersongrewatarateofabout

a. 2%peryear,sothatitisnow2timesashighasitwasacenturyago.

b. 2%peryear,sothatitisnow8timesashighasitwasacenturyago.

c. 4%peryear,sothatitisnow2timesashighasitwasacenturyago.

d. 4%peryear,sothatitisnow8timesashighasitwasacenturyago.

ANS:

B PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowth MSC:

Definitional

9. OverthepastcenturyintheUnitedStates,averageincomeasmeasuredbyrealGDPperpersonhasgrownabout

a. 3.5percentperyear,whichimpliesadoublingaboutevery20years.

b. 2percentperyear,whichimpliesadoublingaboutevery35years.

c. 4percentperyear,whichimpliesadoublingaboutevery17.5years.

d. Noneoftheaboveiscorrect.

ANS:

B PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowth MSC:

Definitional

10. ThelevelofrealGDPperson

a. differswidelyacrosscountries,butthegrowthrateofrealGDPperpersonissimilaracrosscountries.

b. isverysimilaracrosscountries,butthegrowthrateofrealGDPperpersondifferswidelyacrosscountries.

c. andthegrowthrateofrealGDPperpersonaresimilaracrosscountries.

d. andthegrowthrateofrealGDPperpersonvarywidelyacrosscountries.

ANS:

D PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

11. IncomeindevelopingcountrieslikeIndiaandIndonesia

a. islessthan1/7thofthatindevelopedcountrieslikeJapanandtheUnitedStates.

b. isabout1/5thofthatindevelopedcountrieslikeJapanandtheUnitedStates.

c. isabout1/3ofthatindevelopedcountrieslikeJapanandtheUnitedStates.

d. isabout1/2ofthatindevelopedcountrieslikeJapanandtheUnitedStates.

ANS:

A PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

12. RealGDPperpersoninpoorcountrieslikePakistanandBangladeshis

a. muchmorethantwiceashighasitwasintheUSin1870.

b. abouttwiceashighasitwasintheUSin1870.

c. aboutthesameasitwasintheUSin1870.

d. lessthatitwasintheUSin1870.

ANS:

D PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

13. In2003,thetypicalBangladeshihadhowmanytimestheincomeofthetypicalAmericanacenturyago?

a. 1/4

b. 1/2

c. 2/3

d. 1

ANS:

B PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

14. Whichofthefollowingcountries,hadthehighestgrowthrateoverthelast100years?

a. Brazil

b. Germany

c. Canada

d. UnitedStates

ANS:

A PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

15. Inrecentdecades,averageincomeinsomeEastAsiancountries,suchasSouthKorea,Singapore,andTaiwan,hasrisenabout

a. 2percentperyear.

b. 4percentperyear.

c. 7percentperyear.

d. 10percentperyear.

ANS:

C PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

16. InsomeEastAsiancountries,averageincome,asmeasuredbyrealGDPperperson,hasrecentlygrownatanaverageannualratethatimpliesoutputshoulddoubleaboutevery

a. 10years.

b. 15years.

c. 20years.

d. 25years.

ANS:

A PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

17. Countriesthatgrewthefastestoverthelast100yearshadgrowthratesofabout

a. 0.5percent.

b. 1.5percent.

c. 2.0percent.

d. 2.5percent.

ANS:

D PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

18. Ofthefollowingcountrieswhichgrewtheslowestoverthelast100years?

a. Brazil

b. Mexico

c. China

d. UnitedStates

ANS:

D PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

19. Inthelengthofonegeneration,whichofthefollowingcountrieshasgonefrombeingamongthepoorestcountriesintheworldtobeingamongtherichest?

a. Chad

b. Ethiopia

c. India

d. SouthKorea

ANS:

D PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

20. Averageincomehasbeenstagnantformanyyearsin

a. Ireland.

b. Singapore.

c. Ethiopia.

d. Alloftheabovearecorrect.

ANS:

C PTS:

1 DIF:

1 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

21. Whichlistcontains,inthisorder,acountrywhoserealGDPperpersongrewfasterandonewhoserealGDPperpersongrewslowerthantheUSoverthelast100years?

a. China,Pakistan

b. UnitedKingdom,China

c. Pakistan,Argentina

d. Argentina,Japan

ANS:

A PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

22. CountriesthathavelowerlevelsofrealGDPperpersonthantheUS,

a. tendtohavegrowthratesthatarehigherthanthatoftheUS.

b. tendtohavegrowthratesthatareaboutthesameastheUS.

c. tendtohavegrowthratesthatarelowerthanthatoftheUS.

d. havegrowthratesthatarehigherthantheUSinsomecasesandlowerinothercases.

ANS:

D PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

23. Whichofthefollowingiscorrect?

a. AlthoughlevelsofrealGDPperpersonvarysubstantiallyfromcountrytocountry,thegrowthrateofrealGDPperpersonissimilaracrosscountries.

b. Productivityisnotcloselylinkedtogovernmentpolicies.

c. ThelevelofrealGDPperpersonisagoodgaugeofeconomicprosperity,andthegrowthrateofrealGDPperpersonisagoodgaugeofeconomicprogress.

d. ProductivitymaybemeasuredbythegrowthrateofrealGDPperperson.

ANS:

C PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

24. Whichofthefollowingiscorrect?

a. Overthelast100yearsJapanhadahigheraveragegrowthratethantheUnitedStates.ItfollowsthatthestandardoflivinginJapanisgreaterthanintheUnitedStates.

b. ThetypicalpersoninBangladeshtodayhasaboutthesamerealincomeasatypicalAmerican100yearsago.

c. ThetypicalcitizenofChinatodayhasabouthalfasmuchrealincomeasthetypicalAmericantoday.

d. Noneoftheaboveiscorrect.

ANS:

D PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

25. WhichofthefollowingdoesthelevelofrealGDPmeasure?

a. totalrealincome

b. productivity

c. thestandardofliving

d. Alloftheabovearecorrect.

ANS:

A PTS:

1 DIF:

2 REF:

25-1

TOP:

Productivity MSC:

Definitional

26. Anation'sstandardoflivingisdeterminedby

a. itsproductivity.

b. itsgrossdomesticproduct.

c. itsnationalincome.

d. howmuchithasrelativetoothers.

ANS:

A PTS:

1 DIF:

1 REF:

25-1

TOP:

Productivity|Standardofliving MSC:

Definitional

27. Whichofthefollowingiscorrect?

a. Countrieswiththehighestgrowthratesoverthelast100yearsaretheonesthathadthehighestlevelofrealGDP100yearsago.

b. Mostcountrieshavehadlittlefluctuationaroundtheiraveragegrowthratesduringthepast100years.

c. Therankingofcountriesbyincomechangessubstantiallyovertime.

d. Overthelast100years,JapanhadthehighestrealGDPgrowthrate,andnowhasthehighestrealGDPperperson.

ANS:

C PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

28. Overthelast100yearswhichofthefollowinghadgrowthrateshigherthanthatoftheUnitedStates?

a. theUnitedKingdom

b. Bangladesh

c. Brazil

d. Noneoftheaboveiscorrect.

ANS:

C PTS:

1 DIF:

2 REF:

25-1

TOP:

Economicgrowtharoundtheworld MSC:

Definitional

29. Whichofthefollowingnationsexperiencedaverageratesofeconomicgrowthoflessthan2.0percentoverthelast100years?

a. Bangladesh

b.