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g g g g g g g g g
ThegEconomygToday,g15eg(Schiller)
Chapterg2 ThegU.S.gEconomy:gAgGlobalgView
1) Approximatelyghowgmuchgofgthegworld'sgoutputgdoesgthegUnitedgStatesgproduce?
A) 5gpercent.
B) 18gpercent.
C) 30gpercent.
D) 12gpercent.
2) ThegUnitedgStatesghasgroughlyghowgmuchgofgthegworld'sgpopulation?
A) 5gpercent.
B) 10gpercent.
C) 15gpercent.
D) 20gpercent.
3) ThegUnitedgStatesghasgroughlyghowgmuchgofgthegworld'sgarablegland?
A) 14gpercent.
B) 12gpercent.
C) 10gpercent.
D) 8gpercent.
4) ThegbestgdefinitiongofgGDPgis
A) Thegsumgofgthegphysicalgamountsgofggoodsgandgservicesgingthegeconomy.
B) Agdollargmeasuregofgfinalgoutputgproducedgduringgaggivengtimegperiodgwithingagnation'sgb
orders.
C) Agmeasuregofgthegpergcapitageconomicggrowthgrategofgthegeconomy.
D) Agphysicalgmeasuregofgthegcapitalgstockgofgthegeconomy.
5) ThegmeasuregofgfinalggoodsgandgservicesgproducedgingthegUnitedgStatesgisgthe
A) GDPgofgthegUnitedgStates.
B) PercentagegchangegingthegGDPgofgthegUnitedgStates.
C) PergcapitagGDPgingthegUnitedgStates.
D) Totalgsalesgofgallggoodsgduringgthegyear.
6) Approximatelyghowgmuchgofgthegworld'sgoutputgdoesgChinagproduce?
A) approximatelyg11gpercent.
B) approximatelyg0gpercent.
C) approximatelyg9gpercent.
D) approximatelyg1.5gpercent.
7) Chinaghasgroughlyghowgmuchgofgthegworld'sgpopulation?
A) 10gpercent.
B) 20gpercent.
C) 30gpercent.
D) 40gpercent.
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8) Whichgofgthegfollowinggcountriesg(orgregions)gproducesgthegmostgoutputgannually?
A) Japan.
B) UnitedgStates.
C) China.
D) Germany.
9) WhichgofgthegfollowinggstatementsgisgtruegaboutgthegU.S.geconomy?
A) ThegUnitedgStatesgproducesgnearlygone-fifthgofgthegworld'sgproduction.
B) ThegUnitedgStatesghasgthegworld'sgthirdglargestgeconomy.
C) ThegUnitedgStatesgproducesglessgthanghalfgasgmuchgasgChinagdoes.
D) ThegUnitedgStatesgproducesglessgthangone-thirdgasgmuchgasgJapangdoes.
10) PergcapitagGDPgis
A) Thegsumgofgconsumerggoods,ginvestmentggoods,ggovernmentgservices,gandgnetgexports.
B) Agdollargmeasuregofgthegeconomicggrowthgrategofgagcountry.
C) Thegvaluegofgthegfactorsgofgproductiongusedgtogproducegoutputgingagcountry.
D) ThegdollargvaluegofgGDPgdividedgbygtotalgpopulation.
11) AveragegGDPgpergpersongis
A) AlsogknowngasgGDP.
B) AlsogknowngasgpergcapitagGDP.
C) Thegvaluegofgthegfactorsgofgproductiongusedgtogproducegoutputgingagcountry.
D) Agmeasuregofgthegeconomicggrowthgrategofgagcountry.
12) Whichgofgthegfollowinggisgangindicatorgofghowgmuchgoutputgthegaveragegpersongwouldggetgifga
llgoutputgweregdividedgupgevenlygamonggthegpopulation?
A) GDP.
B) Economicggrowth.
C) PergcapitagGDP.
D) RealgGDP.
13) Thosegwhogareginterestedgingassessinggthegrelativegstandardgofglivinggofgdifferentgcountriesgo
vergaggivengtimegperiodgaregmostglikelygtoglookgat
A) GDP.
B) PercentagegchangegingGDP.
C) Population.
D) PergcapitagGDP.
14) Thegbestgmeasuregofghowgmuchgoutputgthegaveragegpersongwouldggetgifgallgoutputgweregd
ividedgevenlygamonggthegpopulationgwouldgbe
A) GDP.
B) Thegeconomicggrowthgofgthegeconomy.
C) PergcapitagGDP.
D) Thegcapitalgstockgofgthegeconomy.
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15) Averageglivinggstandardsgaregbestgmeasuredgusing
A) GDP.
B) Thegeconomicggrowthgofgthegeconomy.
C) PergcapitagGDP.
D) Thegcapitalgstockgofgthegeconomy.
16) Whatgpercentagegofgthegworld'sgpopulationgsubsistsgongincomesgofglessgthang$3gagday?
A) 40gpercent.
B) 50gpercent.
C) 60gpercent.
D) 70gpercent.
17) PergcapitagGDPgwillgrisegifgGDP
A) Increasesgmoregrapidlygthangthegpopulationgincreases.
B) Increasesgatgthegsamegrategasgthegpopulationgincreases.
C) Decreasesgandgthegpopulationgincreases.
D) Increasesgmoregslowlygthangthegpopulationgincreases.
18) PergcapitagGDPgwillgdefinitelygfallgif
A) Thegpopulationgfalls.
B) Thegrategofgeconomicggrowthgfalls.
C) Thegrategofgeconomicggrowthgisglessgthangthegrategofgpopulationggrowth.
D) Theregisgagdecreasegingthegsizegofgthegworkinggpopulation.
19) PergcapitagGDPgwillgdefinitelygrisegif
A) ThegpopulationgfallsgandgGDPgdoesgnotgfall.
B) Thegrategofgeconomicggrowthgfalls.
C) Thegrategofgeconomicggrowthgisglessgthangthegrategofgpopulationggrowth.
D) Theregisgagdecreasegingthegsizegofgthegworkinggpopulation.
20) Ifgpopulationggrowthgisglessgthangoutputggrowthgforgagcountry,
A) RealgGDPghasgdecreased.
B) Averageglivinggstandardsgwillgdecrease.
C) GDPgmustghavegfallengatgagfairlygrapidgrate.
D) Thegpergcapitaglivinggstandardgwillgincrease.
21) Ifgoutputggrowthgexceedsgpopulationggrowthgforgagcountry,
A) Averageglivinggstandardsgwillgincrease.
B) GDPgmustghavegfallengatgagverygrapidgrate.
C) PergcapitagGDPgwillgdecrease.
D) Thisgcountrygmustghavegovercomegthegproblemgofgopportunitygcosts.
22) Economicggrowth
A) IsgangincreasegingoutputgorgrealgGDP.
B) Causesgagcontractiongingthegproductiongpossibilitiesgcurve.
C) Involvesgreducedgcapacitygingthegshortgrun.
D) Nonegofgthegchoicesgaregcorrect.
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NogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofgMcGraw-HillgEducation.
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g g g g g g g g g
ThegEconomygToday,g15eg(Schiller)
Chapterg2 ThegU.S.gEconomy:gAgGlobalgView
1) Approximatelyghowgmuchgofgthegworld'sgoutputgdoesgthegUnitedgStatesgproduce?
A) 5gpercent.
B) 18gpercent.
C) 30gpercent.
D) 12gpercent.
2) ThegUnitedgStatesghasgroughlyghowgmuchgofgthegworld'sgpopulation?
A) 5gpercent.
B) 10gpercent.
C) 15gpercent.
D) 20gpercent.
3) ThegUnitedgStatesghasgroughlyghowgmuchgofgthegworld'sgarablegland?
A) 14gpercent.
B) 12gpercent.
C) 10gpercent.
D) 8gpercent.
4) ThegbestgdefinitiongofgGDPgis
A) Thegsumgofgthegphysicalgamountsgofggoodsgandgservicesgingthegeconomy.
B) Agdollargmeasuregofgfinalgoutputgproducedgduringgaggivengtimegperiodgwithingagnation'sgb
orders.
C) Agmeasuregofgthegpergcapitageconomicggrowthgrategofgthegeconomy.
D) Agphysicalgmeasuregofgthegcapitalgstockgofgthegeconomy.
5) ThegmeasuregofgfinalggoodsgandgservicesgproducedgingthegUnitedgStatesgisgthe
A) GDPgofgthegUnitedgStates.
B) PercentagegchangegingthegGDPgofgthegUnitedgStates.
C) PergcapitagGDPgingthegUnitedgStates.
D) Totalgsalesgofgallggoodsgduringgthegyear.
6) Approximatelyghowgmuchgofgthegworld'sgoutputgdoesgChinagproduce?
A) approximatelyg11gpercent.
B) approximatelyg0gpercent.
C) approximatelyg9gpercent.
D) approximatelyg1.5gpercent.
7) Chinaghasgroughlyghowgmuchgofgthegworld'sgpopulation?
A) 10gpercent.
B) 20gpercent.
C) 30gpercent.
D) 40gpercent.
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NogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofgMcGraw-HillgEducation.
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g g g g g g g g g
8) Whichgofgthegfollowinggcountriesg(orgregions)gproducesgthegmostgoutputgannually?
A) Japan.
B) UnitedgStates.
C) China.
D) Germany.
9) WhichgofgthegfollowinggstatementsgisgtruegaboutgthegU.S.geconomy?
A) ThegUnitedgStatesgproducesgnearlygone-fifthgofgthegworld'sgproduction.
B) ThegUnitedgStatesghasgthegworld'sgthirdglargestgeconomy.
C) ThegUnitedgStatesgproducesglessgthanghalfgasgmuchgasgChinagdoes.
D) ThegUnitedgStatesgproducesglessgthangone-thirdgasgmuchgasgJapangdoes.
10) PergcapitagGDPgis
A) Thegsumgofgconsumerggoods,ginvestmentggoods,ggovernmentgservices,gandgnetgexports.
B) Agdollargmeasuregofgthegeconomicggrowthgrategofgagcountry.
C) Thegvaluegofgthegfactorsgofgproductiongusedgtogproducegoutputgingagcountry.
D) ThegdollargvaluegofgGDPgdividedgbygtotalgpopulation.
11) AveragegGDPgpergpersongis
A) AlsogknowngasgGDP.
B) AlsogknowngasgpergcapitagGDP.
C) Thegvaluegofgthegfactorsgofgproductiongusedgtogproducegoutputgingagcountry.
D) Agmeasuregofgthegeconomicggrowthgrategofgagcountry.
12) Whichgofgthegfollowinggisgangindicatorgofghowgmuchgoutputgthegaveragegpersongwouldggetgifga
llgoutputgweregdividedgupgevenlygamonggthegpopulation?
A) GDP.
B) Economicggrowth.
C) PergcapitagGDP.
D) RealgGDP.
13) Thosegwhogareginterestedgingassessinggthegrelativegstandardgofglivinggofgdifferentgcountriesgo
vergaggivengtimegperiodgaregmostglikelygtoglookgat
A) GDP.
B) PercentagegchangegingGDP.
C) Population.
D) PergcapitagGDP.
14) Thegbestgmeasuregofghowgmuchgoutputgthegaveragegpersongwouldggetgifgallgoutputgweregd
ividedgevenlygamonggthegpopulationgwouldgbe
A) GDP.
B) Thegeconomicggrowthgofgthegeconomy.
C) PergcapitagGDP.
D) Thegcapitalgstockgofgthegeconomy.
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NogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofgMcGraw-HillgEducation.
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g g g g g g g g g
15) Averageglivinggstandardsgaregbestgmeasuredgusing
A) GDP.
B) Thegeconomicggrowthgofgthegeconomy.
C) PergcapitagGDP.
D) Thegcapitalgstockgofgthegeconomy.
16) Whatgpercentagegofgthegworld'sgpopulationgsubsistsgongincomesgofglessgthang$3gagday?
A) 40gpercent.
B) 50gpercent.
C) 60gpercent.
D) 70gpercent.
17) PergcapitagGDPgwillgrisegifgGDP
A) Increasesgmoregrapidlygthangthegpopulationgincreases.
B) Increasesgatgthegsamegrategasgthegpopulationgincreases.
C) Decreasesgandgthegpopulationgincreases.
D) Increasesgmoregslowlygthangthegpopulationgincreases.
18) PergcapitagGDPgwillgdefinitelygfallgif
A) Thegpopulationgfalls.
B) Thegrategofgeconomicggrowthgfalls.
C) Thegrategofgeconomicggrowthgisglessgthangthegrategofgpopulationggrowth.
D) Theregisgagdecreasegingthegsizegofgthegworkinggpopulation.
19) PergcapitagGDPgwillgdefinitelygrisegif
A) ThegpopulationgfallsgandgGDPgdoesgnotgfall.
B) Thegrategofgeconomicggrowthgfalls.
C) Thegrategofgeconomicggrowthgisglessgthangthegrategofgpopulationggrowth.
D) Theregisgagdecreasegingthegsizegofgthegworkinggpopulation.
20) Ifgpopulationggrowthgisglessgthangoutputggrowthgforgagcountry,
A) RealgGDPghasgdecreased.
B) Averageglivinggstandardsgwillgdecrease.
C) GDPgmustghavegfallengatgagfairlygrapidgrate.
D) Thegpergcapitaglivinggstandardgwillgincrease.
21) Ifgoutputggrowthgexceedsgpopulationggrowthgforgagcountry,
A) Averageglivinggstandardsgwillgincrease.
B) GDPgmustghavegfallengatgagverygrapidgrate.
C) PergcapitagGDPgwillgdecrease.
D) Thisgcountrygmustghavegovercomegthegproblemgofgopportunitygcosts.
22) Economicggrowth
A) IsgangincreasegingoutputgorgrealgGDP.
B) Causesgagcontractiongingthegproductiongpossibilitiesgcurve.
C) Involvesgreducedgcapacitygingthegshortgrun.
D) Nonegofgthegchoicesgaregcorrect.
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NogreproductiongorgdistributiongwithoutgthegpriorgwrittengconsentgofgMcGraw-HillgEducation.
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