Question 1

If there is moderate growth,we have a zero-sum economy.

Accepted Answer

A) True 
 B)False

Question 2

$$\begin{array}{l}
\begin{array} { | l | l | l | } 
\hline \text { Year } & \begin{array} { l } 
\text { Real GDP (in } \
\text { Billions of 2005 } \
\text { Dollars) }
\end{array} & \begin{array} { l } 
\text { Population (in } \
\text { Millions of } \
\text { People) }
\end{array} \
\hline 1999 & \$ 10,780 & 279.3 \
\hline 2000 & \$ 11,226 & 282.4 \
\hline
\end{array}\
\text { Table } 9.1
\end{array}$$ Refer to Table 9.1.What was real GDP per capita in 2000?

Accepted Answer

A)  $40,193. 
B)  $38,173. 
C)  $38,596. 
D)  $39,752. 
A)  $40,193. 
B)  $38,173. 
C)  $38,596. 
D)  $39,752.

Question 3

To measure the growth of the average standard of living over time,we

Accepted Answer

A)  look at the aggregate production function. 
B)  look at the growth in human capital. 
C)  look at the change in real GDP per capita. 
D)  measure and compare inflation rates. 
A)  look at the aggregate production function. 
B)  look at the growth in human capital. 
C)  look at the change in real GDP per capita. 
D)  measure and compare inflation rates.

Question 4

Around 1995,businesses really started

Accepted Answer

A)  further declines in productivity. 
B)  using computers to increase worker productivity. 
C)  a stagnant period of productivity. 
D)  the information age, which caused productivity slowdowns. 
A)  further declines in productivity. 
B)  using computers to increase worker productivity. 
C)  a stagnant period of productivity. 
D)  the information age, which caused productivity slowdowns.

Question 5

The economy is growing if and only if

Accepted Answer

A)  GDP is rising. 
B)  The average price level is rising. 
C)  Real GDP is rising. 
D)  GDP per capita is rising. 
A)  GDP is rising. 
B)  The average price level is rising. 
C)  Real GDP is rising. 
D)  GDP per capita is rising.

Question 6

How did a great expansion of globalization in the late 1990s increase productivity?

Accepted Answer

A)  Businesses learned how to use foreign suppliers to cut costs. 
B)  Businesses learned how to use computers to produce more output with fewer workers. 
C)  Businesses began sending workers overseas for more training. 
D)  Businesses were able to sell in larger markets as tariffs and import quotas were reduced. 
A)  Businesses learned how to use foreign suppliers to cut costs. 
B)  Businesses learned how to use computers to produce more output with fewer workers. 
C)  Businesses began sending workers overseas for more training. 
D)  Businesses were able to sell in larger markets as tariffs and import quotas were reduced.

Question 7

The aggregate production function takes inputs and turns them into the country's output,or GDP.

Accepted Answer

A) True 
 B)False

Question 8

Investment in physical capital means

Accepted Answer

A)  hiring more employees. 
B)  purchasing equipment and buildings. 
C)  purchasing supplies. 
D)  taking out loans. 
A)  hiring more employees. 
B)  purchasing equipment and buildings. 
C)  purchasing supplies. 
D)  taking out loans.

Question 9

As of 2009,__________ of U.S.adults aged 25-29 had at least a bachelor's degree.

Accepted Answer

A)  8.2% 
B)  13% 
C)  30.6% 
D)  just over 50% 
A)  8.2% 
B)  13% 
C)  30.6% 
D)  just over 50%

Question 10

A growing economy can result in

Accepted Answer

A)  fewer newborn deaths. 
B)  less access to communication technology. 
C)  a higher incidence of malnutrition. 
D)  less government corruption. 
A)  fewer newborn deaths. 
B)  less access to communication technology. 
C)  a higher incidence of malnutrition. 
D)  less government corruption.

If there is moderate growth,we have a zero-sum economy.

Year Real GDP (in Billions of 2005 Dollars) Population (in Millions of People) 1999 \ 10,780 279.3 2000 \ 11,226 282.4 Table 9.1 Refer to Table 9.1.What was real GDP per capita in 2000?

To measure the growth of the average standard of living over time,we

Around 1995,businesses really started

The economy is growing if and only if

How did a great expansion of globalization in the late 1990s increase productivity?

The aggregate production function takes inputs and turns them into the country's output,or GDP.

Investment in physical capital means

As of 2009,__________ of U.S.adults aged 25-29 had at least a bachelor's degree.

A growing economy can result in

Introduction

Demand and Supply: The Basics of the Market Economy

Market Equilibrium and Shifts

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Inflation

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters

Exam 9: Growth

If there is moderate growth,we have a zero-sum economy.

Year Real GDP (in Billions of 2005 Dollars) Population (in Millions of People) 1999 \ 10,780 279.3 2000 \ 11,226 282.4 Table 9.1 Refer to Table 9.1.What was real GDP per capita in 2000?

To measure the growth of the average standard of living over time,we

Around 1995,businesses really started

The economy is growing if and only if

How did a great expansion of globalization in the late 1990s increase productivity?

The aggregate production function takes inputs and turns them into the country's output,or GDP.

Investment in physical capital means

As of 2009,__________ of U.S.adults aged 25-29 had at least a bachelor's degree.

A growing economy can result in

Introduction

Demand and Supply: The Basics of the Market Economy

Market Equilibrium and Shifts

How Businesses Work

Competition and Market Power

Government and the Economy

The First Step Into Macroeconomics

Inflation

Business Cycles, unemployment and Inflation

Fiscal Policy

Monetary Policy

The Financial Markets

International Trade

Technological Change

Economics of the Labor Market

The Distribution of Income

Economics of Retirement and Healthcare

Economics of Energy, the Environment, and Global Climate Change Glossary

Filters