曼昆经济学题库chapter17.docx
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曼昆经济学题库chapter17.docx
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曼昆经济学题库chapter17
Chapter17
ProductionandGrowth
MultipleChoice
1.Anation’sstandardoflivingismeasuredbyits
a.realGDP.
b.realGDPperperson.
c.nominalGDP.
d.nominalGDPperperson.
ANSWER:
b.realGDPperperson.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
2.IncomeindevelopingcountrieslikeIndiaandIndonesia
a.is1/10thorlessofthatindevelopedcountrieslikeJapanandtheUnitedStates.
b.isabout1/8thofthatindevelopedcountrieslikeJapanandtheUnitedStates.
c.isabout1/5thofthatindevelopedcountrieslikeJapanandtheUnitedStates.
d.isabout1/3to1/2ofthatindevelopedcountrieslikeJapanandtheUnitedStates.
ANSWER:
a.is1/10thorlessofthatindevelopedcountrieslikeJapanandtheUnitedStates.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
3.OverthepastcenturyintheUnitedStates,realGDPperpersonhasgrownbyabout
a.1percentperyear.
b.2percentperyear.
c.4percentperyear.
d.6percentperyear.
ANSWER:
b.2percentperyear.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
4.DuringthepastcenturytheaveragegrowthrateofU.S.realGDPperpersonimpliesthatitdoubledaboutevery
a.100yearsonaverage.
b.70years.
c.35years.
d.25years.
ANSWER:
c.35years.
TYPE:
MDIFFICULTY:
1SECTION:
25.0
5.Overthepast100years,U.S.realGDPperpersonhasdoubledaboutevery35years.Ifinthenext100yearsitdoublesevery25years,thenacenturyfromnowU.S.realGDPperpersonwillbe
a.4timeshigherthanitisnow.
b.8timeshigherthanitisnow.
c.12timeshigherthanitisnow.
d.16timeshigherthanitisnow.
ANSWER:
d.16timeshigherthanitisnow.
TYPE:
MDIFFICULTY:
2SECTION:
12.0
6.ThelevelofrealGDPperson
a.differswidelyacrosscountries,butthegrowthrateofrealGDPperpersonissimilaracrosscountries.
b.isverysimilaracrosscountries,butthegrowthrateofrealGDPperpersondifferswidelyacrosscountries.
c.andthegrowthrateofrealGDPperpersonaresimilaracrosscountries.
d.andthegrowthrateofrealGDPperpersonvarywidelyacrosscountries.
ANSWER:
d.andthegrowthrateofrealGDPperpersonvarywidelyacrosscountries.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
7.OverthepastcenturyintheUnitedStates,averageincomeasmeasuredbyrealGDPperpersonhasgrownabout
a.3.5percentperyear,whichimpliesadoublingaboutevery20years.
b.2percentperyear,whichimpliesadoublingaboutevery35years.
c.4percentperyear,whichimpliesadoublingaboutevery17.5years.
d.noneoftheabovearecorrect.
ANSWER:
b.2percentperyear,whichimpliesadoublingaboutevery35years.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
8.IntheUnitedStates,asmeasuredbyrealGDPperperson,averageincomeisabouthowmanytimesashighasaverageincomeacenturyago?
a.2
b.4
c.6
d.8
ANSWER:
d.8
TYPE:
MDIFFICULTY:
1SECTION:
12.0
9.Newproductsareinventedeveryyear.ConsequentlyrealGDPgrowth
a.probablyunderestimatestherateofrealeconomicgrowth.
b.probablyoverestimatestherateofrealeconomicgrowth.
c.probablyaccuratelyestimatestherateofrealeconomicgrowth.
d.israrelyused.
ANSWER:
a.probablyunder-estimatestherateofrealeconomicgrowth.
TYPE:
MDIFFICULTY:
2SECTION:
12.1
10.Inrecentdecades,averageincomeinsomeEastAsiancountries,suchasHongKong,Singapore,andTaiwan,hasrisenabout
a.2percentperyear.
b.4percentperyear.
c.7percentperyear.
d.10percentperyear.
ANSWER:
c.7percentperyear.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
11.InsomeEastAsiancountries,averageincome,asmeasuredbyrealGDPperperson,hasgrownatanaverageannualratethatimpliesoutputshoulddoubleaboutevery
a.10years.
b.15years.
c.20years.
d.25years.
ANSWER:
a.10years.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
12.Inthelengthofonegeneration,whichofthefollowingcountrieshasgonefrombeingamongthepoorestcountriesintheworldtobeingamongtherichest?
a.Chad
b.Ethiopia
c.India
d.SouthKorea
ANSWER:
d.SouthKorea
TYPE:
MDIFFICULTY:
1SECTION:
12.0
13.Averageincomehasbeenstagnantformanyyearsin
a.Ireland.
b.Singapore.
c.Ethiopia.
d.Alloftheabovearecorrect.
ANSWER:
c.Ethiopia.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
14.Whichofthefollowingistrue?
a.AlthoughlevelsofrealGDPperpersonvarysubstantiallyfromcountrytocountry,thegrowthrateofrealGDPperpersonissimilaracrosscountries.
b.Productivityisnotcloselylinkedtogovernmentpolicies.
c.ThelevelofrealGDPperpersonisagoodgaugeofeconomicprosperity,andthegrowthrateofrealGDPperpersonisagoodgaugeofeconomicprogress.
d.ProductivitymaybemeasuredbythegrowthrateofrealGDPperperson.
ANSWER:
c.ThelevelofrealGDPperpersonisagoodgaugeofeconomicprosperity,andthegrowthrateofrealGDPperpersonisagoodgaugeofeconomicprogress.
TYPE:
MDIFFICULTY:
2SECTION:
12.0
15.WhichofthefollowingdoesthelevelofrealGDPmeasure?
a.totalrealincome
b.productivity
c.thestandardofliving
d.Alloftheabovearecorrect.
ANSWER:
a.totalrealincome
TYPE:
MDIFFICULTY:
2SECTION:
12.0
16.Theaverageamountofgoodsandservicesproducedfromeachhourofaworker'stimeiscalled
a.percapitaGDP
b.percapitaGNP
c.productivity
d.humancapital
ANSWER:
c.productivity
TYPE:
MDIFFICULTY:
1SECTION:
12.0
17.Anation'sstandardoflivingisdeterminedby
a.itsproductivity.
b.itsgrossdomesticproduct.
c.itsnationalincome.
d.howmuchithasrelativetoothers.
ANSWER:
a.itsproductivity.
TYPE:
MDIFFICULTY:
1SECTION:
12.0
18.Whichofthefollowingiscorrect?
a.Overthelast100yearsJapanhadahigheraveragegrowthratethantheUnitedStates.ItfollowsthatthestandardoflivinginJapanisgreaterthanintheUnitedStates.
b.ThetypicalpersoninPakistantodayhasaboutthesamerealincomeasatypicalAmerican100yearsago.
c.ThetypicalcitizenofChinatodayhasaboutasmuchrealincomeasthetypicalAmericanin1950.
d.Noneoftheabovearecorrect.
ANSWER:
d.Noneoftheabovearecorrect.
TYPE:
MDIFFICULTY:
2SECTION:
12.1
19.In2000,thetypicalPakistanihadabouthowmanytimestheincomeofthetypicalAmericanin1900?
a.2
b.1
c.2/3
d.1/4
ANSWER:
d.1/4
TYPE:
MDIFFICULTY:
1SECTION:
12.1
20.In2000,thetypicalcitizenofChinahadaboutasmuchrealincomeasthetypicalpersonintheUnitedKingdomin
a.1870.
b.1920.
c.1945.
d.1975
ANSWER:
a.1870.
TYPE:
MDIFFICULTY:
2SECTION:
12.1
21.Whichofthefollowingcountries,hadthehighestgrowthrateoverthelast100years?
a.Brazil
b.Germany
c.Canada
d.UnitedStates
ANSWER:
a.Brazil
TYPE:
MDIFFICULTY:
2SECTION:
12.1
22.Countriesthatgrewthefastestoverthelast100yearshadgrowthratesofabout
a.0.5percent.
b.1.5percent.
c.2.0percent.
d.2.5percent.
ANSWER:
d.2.5percent.
TYPE:
MDIFFICULTY:
1SECTION:
12.1
23.Ofthefollowingcountrieswhichgrewtheslowestoverthelast100years?
a.Brazil.
b.Mexico.
c.China.
d.UnitedStates.
ANSWER:
d.UnitedStates.
TYPE:
MDIFFICULTY:
2SECTION:
12.1
24.Whichofthefollowingiscorrect?
a.Countrieswiththehighestgrowthratesoverthelast100yearsaretheonesthathadthehighestlevelofrealGDP100yearsago.
b.Mostcountrieshavehadlittlefluctuationaroundtheiraveragegrowthratesduringthepast100years.
c.Therankingofcountriesbyincomechangessubstantiallyovertime.
d.Overthelast100years,JapanhadthehighestrealGDPgrowthrate,andnowhasthehighestrealGDPperperson.
ANSWER:
c.Therankingofcountriesbyincomechangessubstantiallyovertime.
TYPE:
MDIFFICULTY:
2SECTION:
12.1
25.Overthelast100yearswhichofthefollowinghadgrowthrateshigherthanthatoftheUnitedStates?
a.theUnitedKingdom
b.Bangladesh
c.Pakistan
d.Noneoftheabovearecorrect.
ANSWER:
d.Noneoftheabovearecorrect.
TYPE:
MDIFFICULTY:
1SECTION:
12.1
26.Whichofthefollowingnationsexperiencedaverageratesofeconomicgrowthoflessthan2.0percentoverthelast100years?
a.Bangladesh
b.Pakistan
c.UnitedKingdom
d.Alloftheabovearecorrect.
ANSWER:
d.Alloftheabovearecorrect.
TYPE:
MDIFFICULTY:
1SECTION:
12.1
27.In1870,therichestcountryintheworldwas
a.theUnitedStates.
b.Spain.
c.theUnitedKingdom.
d.Germany.
ANSWER:
c.theUnitedKingdom.
TYPE:
MDIFFICULTY:
1SECTION:
12.1
28.In2002realGDPperpersoninOlympuswas4,500.In2001itwas4,250.WhatwasthegrowthrateofrealGDPperperson?
a.5.6percent
b.5.9percent
c.6.5percent
d.Noneoftheabovearecorrecttothenearesttenth.
ANSWER:
b.5.9percent
TYPE:
MDIFFICULTY:
1SECTION:
12.1
29.In2002realGDPinOceaniawas561.0billionandthepopulationwas2.2million.In2001realGDPwas500.0billionandthepopulationwas2.0million.WhatwastheapproximategrowthrateofrealGDPperperson?
a.12percent
b.10percent
c.4percent
d.2percent
ANSWER:
d.2percent
TYPE:
MDIFFICULTY:
3SECTION:
12.1
30.In2002realGDPinLataniawas750billionandthepopulationwas3million.In2003realGDPwas907.5andthepopulationwas3.3million.WhatwastheapproximategrowthrateofrealGDPperperson?
a.10percent
b.14percent
c.17percent
d.21percent
ANSWER:
a.10percent
TYPE:
MDIFFICULTY:
3SECTION:
12.1
31.In2002,Freedoniahadapopulationof2,700andrealGDPofabout11,610,000.In2001ithadapopulationof2,500andrealGDPofabout10,000,000.WhatwastheapproximategrowthrateofrealGDPperpersoninFreedoniabetween2001a
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