1、Name: Class: Date: Chapter7-ProductionandGrowth1. Whatisthemostappropriatemeasureofanation’sstandardofliving? a. realGDP b. realGDPperperson c. nominalGDP d. nominalGDPperpersonANSWER: b2. WhichstatementbestexplainstheimportanceofrealGDPperperson? a. Itisausefulmeasureofeconomicgrowth. b.
2、 Itisausefulmeasureofthehealthofcitizens. c. Itisausefulmeasureofthecostofliving. d. Itisausefulmeasureofwell-being.ANSWER: d3. Whichofthefollowingbestdescribeschangesintheaveragewell-beinginacountry? a. thegrowthrateoftheunemployed b. thegrowthrateofnominalGDP c. thegrowthrateofrealGDP d.
3、thegrowthrateofrealGDPperpersonANSWER: d4. HowdoesincomeindevelopingcountrieslikePakistanandBangladeshcomparewiththatinJapanandCanada? a. It’sabout1/10orlessofthatindevelopedcountrieslikeJapanandCanada. b. It’sabout1/8ofthatindevelopedcountrieslikeJapanandCanada. c. It’sabout1/4ofthatindeve
4、lopedcountrieslikeJapanandCanada. d. It’sabout1/3to1/2ofthatindevelopedcountrieslikeJapanandCanada.ANSWER: a5. OverthepastcenturyinCanada,byhowmuchhasrealGDPperpersongrown? a. byabout1percentperyear b. byabout2percentperyear c. byabout4percentperyear d. byabout8percentperyearANSWER: b6. In
5、approximatelyhowmanyyearswillrealGDPperpersoninCanadadouble,givenitsaveragegrowthrateduringthepastcentury? a. 25years b. 35years c. 50years d. 80yearsANSWER: b7. Overthepast100years,CanadianrealGDPperpersonhasdoubledaboutevery35years.Ifinthenext100yearsitCopyrightCengageLearning.PoweredbyCo
6、gnero.Page 36Name: Class: Date: Chapter7-ProductionandGrowthdoublesevery25years,thenwhatwillCanadianrealGDPperpersonbeacenturyfromnow? a. 8timeshigherthanitisnow b. 10timeshigherthanitisnow c. 12timeshigherthanitisnow d. 16timeshigherthanitisnowANSWER: d8. Whichstatementbestcharacterizest
7、hevariationsinrealGDPperpersonanditsrateofgrowthacrosscountries? a. RealGDPperpersondifferswidelyacrosscountries,butthegrowthrateofrealGDPperpersonissimilaracrosscountries. b. RealGDPperpersonisverysimilaracrosscountries,butthegrowthrateofrealGDPpe
