Test Bank for Organic Chemistry 9th Edition Wade All Chapters 1 - 26 Full Complete .

The Micro Economy
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Today, 15e (Schiller)
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Chapter 2 The U.S.
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Economy: A Global
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1) Approximately jhow jmuch jof jthe jworld's joutput jdoes jthe jUnited jStates jproduce?
A) 5 jpercent.
B) 18 jpercent.
C) 30 jpercent.
D) 12 jpercent.

2) The jUnited jStates jhas jroughly jhow jmuch jof jthe jworld's jpopulation?
A) 5 jpercent.
B) 10 jpercent.
C) 15 jpercent.
D) 20 jpercent.

3) The jUnited jStates jhas jroughly jhow jmuch jof jthe jworld's jarable jland?
A) 14 jpercent.
B) 12 jpercent.
C) 10 jpercent.
D) 8 jpercent.

4) The jbest jdefinition jof jGDP jis
A) The jsum jof jthe jphysical jamounts jof jgoods jand jservices jin jthe jeconomy.
B) A jdollar jmeasure jof jfinal joutput jproduced jduring ja jgiven jtime jperiod jwithin ja
jnation'sjborders.
C) A jmeasure jof jthe jper jcapita jeconomic jgrowth jrate jof jthe jeconomy.
D) A jphysical jmeasure jof jthe jcapital jstock jof jthe jeconomy.

5) The jmeasure jof jfinal jgoods jand jservices jproduced jin jthe jUnited jStates jis jthe
A) GDP jof jthe jUnited jStates.
B) Percentage jchange jin jthe jGDP jof jthe jUnited jStates.
C) Per jcapita jGDP jin jthe jUnited jStates.
D) Total jsales jof jall jgoods jduring jthe jyear.

6) Approximately jhow jmuch jof jthe jworld's joutput jdoes jChina jproduce?
A) approximately j11 jpercent.
B) approximately j0 jpercent.
C) approximately j9 jpercent.
D) approximately j1.5 jpercent.
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,7) China jhas jroughly jhow jmuch jof jthe jworld's jpopulation?
A) 10 jpercent.
B) 20 jpercent.
C) 30 jpercent.
D) 40 jpercent.




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,8) Which jof jthe jfollowing jcountries j(or jregions) jproduces jthe jmost joutput jannually?
A) Japan.
B) United jStates.
C) China.
D) Germany.

9) Which jof jthe jfollowing jstatements jis jtrue jabout jthe jU.S. jeconomy?
A) The jUnited jStates jproduces jnearly jone-fifth jof jthe jworld's jproduction.
B) The jUnited jStates jhas jthe jworld's jthird jlargest jeconomy.
C) The jUnited jStates jproduces jless jthan jhalf jas jmuch jas jChina jdoes.
D) The jUnited jStates jproduces jless jthan jone-third jas jmuch jas jJapan jdoes.

10) Per jcapita jGDP jis
A) The jsum jof jconsumer jgoods, jinvestment jgoods, jgovernment jservices, jand jnet jexports.
B) A jdollar jmeasure jof jthe jeconomic jgrowth jrate jof ja jcountry.
C) The jvalue jof jthe jfactors jof jproduction jused jto jproduce joutput jin ja jcountry.
D) The jdollar jvalue jof jGDP jdivided jby jtotal jpopulation.

11) Average jGDP jper jperson jis
A) Also jknown jas jGDP.
B) Also jknown jas jper jcapita jGDP.
C) The jvalue jof jthe jfactors jof jproduction jused jto jproduce joutput jin ja jcountry.
D) A jmeasure jof jthe jeconomic jgrowth jrate jof ja jcountry.

12) Which jof jthe jfollowing jis jan jindicator jof jhow jmuch joutput jthe javerage jperson jwould
jget jifjall joutput jwere jdivided jup jevenly jamong jthe jpopulation?
A) GDP.
B) Economic jgrowth.
C) Per jcapita jGDP.
D) Real jGDP.

13) Those jwho jare jinterested jin jassessing jthe jrelative jstandard jof jliving jof jdifferent
jcountriesjover ja jgiven jtime jperiod jare jmost jlikely jto jlook jat
A) GDP.
B) Percentage jchange jin jGDP.
C) Population.
D) Per jcapita jGDP.

14) The jbest jmeasure jof jhow jmuch joutput jthe javerage jperson jwould jget jif jall joutput
jwerejdivided jevenly jamong jthe jpopulation jwould jbe
A) GDP.
B) The jeconomic jgrowth jof jthe jeconomy.
C) Per jcapita jGDP.
D) The jcapital jstock jof jthe jeconomy.



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, 15) Average jliving jstandards jare jbest jmeasured jusing
A) GDP.
B) The jeconomic jgrowth jof jthe jeconomy.
C) Per jcapita jGDP.
D) The jcapital jstock jof jthe jeconomy.

16) What jpercentage jof jthe jworld's jpopulation jsubsists jon jincomes jof jless jthan j$3 ja jday?
A) 40 jpercent.
B) 50 jpercent.
C) 60 jpercent.
D) 70 jpercent.

17) Per jcapita jGDP jwill jrise jif jGDP
A) Increases jmore jrapidly jthan jthe jpopulation jincreases.
B) Increases jat jthe jsame jrate jas jthe jpopulation jincreases.
C) Decreases jand jthe jpopulation jincreases.
D) Increases jmore jslowly jthan jthe jpopulation jincreases.

18) Per jcapita jGDP jwill jdefinitely jfall jif
A) The jpopulation jfalls.
B) The jrate jof jeconomic jgrowth jfalls.
C) The jrate jof jeconomic jgrowth jis jless jthan jthe jrate jof jpopulation jgrowth.
D) There jis ja jdecrease jin jthe jsize jof jthe jworking jpopulation.

19) Per jcapita jGDP jwill jdefinitely jrise jif
A) The jpopulation jfalls jand jGDP jdoes jnot jfall.
B) The jrate jof jeconomic jgrowth jfalls.
C) The jrate jof jeconomic jgrowth jis jless jthan jthe jrate jof jpopulation jgrowth.
D) There jis ja jdecrease jin jthe jsize jof jthe jworking jpopulation.

20) If jpopulation jgrowth jis jless jthan joutput jgrowth jfor ja jcountry,
A) Real jGDP jhas jdecreased.
B) Average jliving jstandards jwill jdecrease.
C) GDP jmust jhave jfallen jat ja jfairly jrapid jrate.
D) The jper jcapita jliving jstandard jwill jincrease.

21) If joutput jgrowth jexceeds jpopulation jgrowth jfor ja jcountry,
A) Average jliving jstandards jwill jincrease.
B) GDP jmust jhave jfallen jat ja jvery jrapid jrate.
C) Per jcapita jGDP jwill jdecrease.
D) This jcountry jmust jhave jovercome jthe jproblem jof jopportunity jcosts.

22) Economic jgrowth
A) Is jan jincrease jin joutput jor jreal jGDP.
B) Causes ja jcontraction jin jthe jproduction jpossibilities jcurve.
C) Involves jreduced jcapacity jin jthe jshort jrun.
D) None jof jthe jchoices jare jcorrect.
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