Test Bank - Government In America People, Politics, & Policy 2020 Presidential Election Edition

1b
Copyrightb©b2019bMcGraw-HillbEducation.bAllbrightsbreserved.bb
NobreproductionborbdistributionbwithoutbthebpriorbwrittenbconsentbofbMcGraw-
HillbEducation.bb
ThebMacrobEconomybToday,b15eb(Schiller)b
Chapterb2bbbThebU.S.bEconomy:bAbGlobalbViewb
1)bApproximatelybhowbmuchbofbthebworld'sboutputbdoesbthebUnitedbStatesbproduce?b
A)b5bpercent.b
B)b18bpercent.b
C)b30bpercent.b
D)b12bpercent.b
2)bThebUnitedbStatesbhasbroughlybhowbmuchbofbthebworld'sbpopulation?b
A)b5bpercent.b
B)b10bpercent.b
C)b15bpercent.b
D)b20bpercent.b
3)bThebUnitedbStatesbhasbroughlybhowbmuchbofbthebworld'sbarablebland?b
A)b14bpercent.b
B)b12bpercent.b
C)b10bpercent.b
D)b8bpercent.b
4)bThebbestbdefinitionbofbGDPbisb
A)bThebsumbofbthebphysicalbamountsbofbgoodsbandbservicesbinbthebeconomy.b
B)bAbdollarbmeasurebofbfinalboutputbproducedbduringbabgivenbtimebperiodbwithinbabnation'sb
borders.b
C)bAbmeasurebofbthebperbcapitabeconomicbgrowthbratebofbthebeconomy.b
D)bAbphysicalbmeasurebofbthebcapitalbstockbofbthebeconomy.b
5)bThebmeasurebofbfinalbgoodsbandbservicesbproducedbinbthebUnitedbStatesbisbtheb
A)bGDPbofbthebUnitedbStates.b
B)bPercentagebchangebinbthebGDPbofbthebUnitedbStates.b
C)bPerbcapitabGDPbinbthebUnitedbStates.b
D)bTotalbsalesbofballbgoodsbduringbthebyear.b
6)bApproximatelybhowbmuchbofbthebworld'sboutputbdoesbChinabproduce?b
A)bapproximatelyb11bpercent.b
B)bapproximatelyb0bpercent.b
C)bapproximatelyb9bpercent.b
D)bapproximatelyb1.5bpercent.b
7)bChinabhasbroughlybhowbmuchbofbthebworld'sbpopulation?b
A)b10bpercent.b
B)b20bpercent.b
C)b30bpercent.b
D)b40bpercent.b
DOWNLOADbTHEbTestbBankbforbMacrobEconomybTodayb15thbEditionbSchiller

,mynursytest.store
2b
Copyrightb©b2019bMcGraw-HillbEducation.bAllbrightsbreserved.bb
NobreproductionborbdistributionbwithoutbthebpriorbwrittenbconsentbofbMcGraw-
HillbEducation.bb
8)bWhichbofbthebfollowingbcountriesb(orbregions)bproducesbthebmostboutputbannually?b
A)bJapan.b
B)bUnitedbStates.b
C)bChina.b
D)bGermany.b
9)bWhichbofbthebfollowingbstatementsbisbtruebaboutbthebU.S.beconomy?b
A)bThebUnitedbStatesbproducesbnearlybone-fifthbofbthebworld'sbproduction.b
B)bThebUnitedbStatesbhasbthebworld'sbthirdblargestbeconomy.b
C)bThebUnitedbStatesbproducesblessbthanbhalfbasbmuchbasbChinabdoes.b
D)bThebUnitedbStatesbproducesblessbthanbone-thirdbasbmuchbasbJapanbdoes.b
10)bPerbcapitabGDPbisb
A)bThebsumbofbconsumerbgoods,binvestmentbgoods,bgovernmentbservices,bandbnetbexports.b
B)bAbdollarbmeasurebofbthebeconomicbgrowthbratebofbabcountry.b
C)bThebvaluebofbthebfactorsbofbproductionbusedbtobproduceboutputbinbabcountry.b
D)bThebdollarbvaluebofbGDPbdividedbbybtotalbpopulation.b
11)bAveragebGDPbperbpersonbisb
A)bAlsobknownbasbGDP.b
B)bAlsobknownbasbperbcapitabGDP.b
C)bThebvaluebofbthebfactorsbofbproductionbusedbtobproduceboutputbinbabcountry.b
D)bAbmeasurebofbthebeconomicbgrowthbratebofbabcountry.b
12)bWhichbofbthebfollowingbisbanbindicatorbofbhowbmuchboutputbthebaveragebpersonbwouldbg
etbifb
allboutputbwerebdividedbupbevenlybamongbthebpopulation?b
A)bGDP.b
B)bEconomicbgrowth.b
C)bPerbcapitabGDP.b
D)bRealbGDP.b
13)bThosebwhobarebinterestedbinbassessingbthebrelativebstandardbofblivingbofbdifferentbcountr
iesb
overbabgivenbtimebperiodbarebmostblikelybtoblookbatb
A)bGDP.b
B)bPercentagebchangebinbGDP.b
C)bPopulation.b
D)bPerbcapitabGDP.b
14)bThebbestbmeasurebofbhowbmuchboutputbthebaveragebpersonbwouldbgetbifballboutputbwereb
dividedbevenlybamongbthebpopulationbwouldbbeb
A)bGDP.b
B)bThebeconomicbgrowthbofbthebeconomy.b

,C)bPerbcapitabGDP.b
D)bThebcapitalbstockbofbthebeconomy.b
DOWNLOADbTHEbTestbBankbforbMacrobEconomybTodayb15thbEditionbSchiller
mynursytest.store
3b
Copyrightb©b2019bMcGraw-HillbEducation.bAllbrightsbreserved.bb
NobreproductionborbdistributionbwithoutbthebpriorbwrittenbconsentbofbMcGraw-
HillbEducation.bb
15)bAverageblivingbstandardsbarebbestbmeasuredbusingb
A)bGDP.b
B)bThebeconomicbgrowthbofbthebeconomy.b
C)bPerbcapitabGDP.b
D)bThebcapitalbstockbofbthebeconomy.b
16)bWhatbpercentagebofbthebworld'sbpopulationbsubsistsbonbincomesbofblessbthanb$3babday?b
A)b40bpercent.b
B)b50bpercent.b
C)b60bpercent.b
D)b70bpercent.b
17)bPerbcapitabGDPbwillbrisebifbGDPb
A)bIncreasesbmorebrapidlybthanbthebpopulationbincreases.b
B)bIncreasesbatbthebsamebratebasbthebpopulationbincreases.b
C)bDecreasesbandbthebpopulationbincreases.b
D)bIncreasesbmorebslowlybthanbthebpopulationbincreases.b
18)bPerbcapitabGDPbwillbdefinitelybfallbifb
A)bThebpopulationbfalls.b
B)bThebratebofbeconomicbgrowthbfalls.b
C)bThebratebofbeconomicbgrowthbisblessbthanbthebratebofbpopulationbgrowth.b
D)bTherebisbabdecreasebinbthebsizebofbthebworkingbpopulation.b
19)bPerbcapitabGDPbwillbdefinitelybrisebifb
A)bThebpopulationbfallsbandbGDPbdoesbnotbfall.b
B)bThebratebofbeconomicbgrowthbfalls.b
C)bThebratebofbeconomicbgrowthbisblessbthanbthebratebofbpopulationbgrowth.b
D)bTherebisbabdecreasebinbthebsizebofbthebworkingbpopulation.b
20)bIfbpopulationbgrowthbisblessbthanboutputbgrowthbforbabcountry,b
A)bRealbGDPbhasbdecreased.b
B)bAverageblivingbstandardsbwillbdecrease.b
C)bGDPbmustbhavebfallenbatbabfairlybrapidbrate.b
D)bThebperbcapitablivingbstandardbwillbincrease.b
21)bIfboutputbgrowthbexceedsbpopulationbgrowthbforbabcountry,b
A)bAverageblivingbstandardsbwillbincrease.b
B)bGDPbmustbhavebfallenbatbabverybrapidbrate.b
C)bPerbcapitabGDPbwillbdecrease.b
D)bThisbcountrybmustbhavebovercomebthebproblembofbopportunitybcosts.b

, 22)bEconomicbgrowthb
A)bIsbanbincreasebinboutputborbrealbGDP.b
B)bCausesbabcontractionbinbthebproductionbpossibilitiesbcurve.b
C)bInvolvesbreducedbcapacitybinbthebshortbrun.b
D)bNonebofbthebchoicesbarebcorrect.b
DOWNLOADbTHEbTestbBankbforbMacrobEconomybTodayb15thbEditionbSchiller
mynursytest.store
4b
Copyrightb©b2019bMcGraw-HillbEducation.bAllbrightsbreserved.bb
NobreproductionborbdistributionbwithoutbthebpriorbwrittenbconsentbofbMcGraw-
HillbEducation.bb
23)bOnbaverage,bsinceb1900bU.S.boutputbhasbgrownbroughlyb________btimesbfasterbthanb
populationbgrowth.b
A)b5b
B)b4b
C)b3b
D)b2b
24)bOnbaverage,bsinceb1900bthebpopulationbofbthebUnitedbStatesbhasbgrownbbybroughlyb______
__b
percentbperbyear.b
A)b9b
B)b6b
C)b3b
D)b1b
25)bOnbaverage,bsinceb1900bU.S.boutputbhasbgrownbbybroughlyb________bpercentbperbyear.b
A)b9b
B)b6b
C)b3b
D)b1b
26)bWhichbofbthebfollowingbcountriesbexperiencedbabdeclinebinbtotalboutputbfromb2000btob20
15?b
A)bCanada.b
B)bZimbabwe.b
C)bChina.b
D)bBurundi.b
27)bWhichbofbthebfollowingbcountriesbhadbthebhighestbaveragebgrowthbratebforbperbcapitabGD
Pb
fromb2000btob2009?b
A)bCanada.b
B)bHaiti.b
C)bChina.b
D)bBurundi.b
28)bThebcurrentbU.S.beconomybisbbasedbprimarilybonbthebproductionbofb