chapter 9 - global economic growth and development(with
Errorless answers)
In light of this single change to the conditions faced in this nation, this nation's economic growth
rate for the current year will be correct answerszero
Per capita real GDP of country A = correct answersReal GDP of country A (in billions) /
Population of country A (in billions)
All of the following are benefits of economic growth except correct answersurban congestion
If the average annual rate of economic growth is 4 percent, approximately how long will it take
for the nation's per capita real GDP to double? correct answers17.5 years
Economic growth can be defined as the increase in _____________________ real GDP,
measured by its rate of change per year. correct answersper capita
Benefits of economic growth are: correct answersreductions in illiteracy, poverty, and illness and
increases in life spans and political stability
Costs of economic growth may include: correct answersenvironmental pollution, alienation, and
urban congestion
Small percentage-point differences in growth rates lead to _____________ differences in per
capita real GDP over time correct answerslarge
Real standards of living can only go up with positive economic growth. correct answersfalse
Economic growth as it is currently measured correct answers-does not account for how increased
per capita income is distributed across income groups
-understates actual economic growth since it does not adjust for changes in leisure
-does not consider spiritual, cultural or social difficulties that may arise from growth
Why are politicians and economists concerned about the economic growth rate in the U.S.?
correct answersSmall differences in the rate of economic growth can make large differences in
the standard of living over time.
What is economic growth? correct answersEconomic growth is increases in per capita real GDP
measured by its rate of change per year.
Improvements in _________________ productivity, all other things being equal, lead to
_________________ economic growth and higher living standards. correct answerslabor; greater
One fundamental determinant of the rate of growth is the rate of _______________________.
correct answerssaving
Errorless answers)
In light of this single change to the conditions faced in this nation, this nation's economic growth
rate for the current year will be correct answerszero
Per capita real GDP of country A = correct answersReal GDP of country A (in billions) /
Population of country A (in billions)
All of the following are benefits of economic growth except correct answersurban congestion
If the average annual rate of economic growth is 4 percent, approximately how long will it take
for the nation's per capita real GDP to double? correct answers17.5 years
Economic growth can be defined as the increase in _____________________ real GDP,
measured by its rate of change per year. correct answersper capita
Benefits of economic growth are: correct answersreductions in illiteracy, poverty, and illness and
increases in life spans and political stability
Costs of economic growth may include: correct answersenvironmental pollution, alienation, and
urban congestion
Small percentage-point differences in growth rates lead to _____________ differences in per
capita real GDP over time correct answerslarge
Real standards of living can only go up with positive economic growth. correct answersfalse
Economic growth as it is currently measured correct answers-does not account for how increased
per capita income is distributed across income groups
-understates actual economic growth since it does not adjust for changes in leisure
-does not consider spiritual, cultural or social difficulties that may arise from growth
Why are politicians and economists concerned about the economic growth rate in the U.S.?
correct answersSmall differences in the rate of economic growth can make large differences in
the standard of living over time.
What is economic growth? correct answersEconomic growth is increases in per capita real GDP
measured by its rate of change per year.
Improvements in _________________ productivity, all other things being equal, lead to
_________________ economic growth and higher living standards. correct answerslabor; greater
One fundamental determinant of the rate of growth is the rate of _______________________.
correct answerssaving
