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1、Chapter7Student:___________________________________________________________________________1.Thekeyindicatorofacountry'slivingstandardandeconomicwell-beingis: A. theinterestrate.B. nominalGDPperperson.C. realGDP.D. realGDPperperson. 2.ComparedtothelevelofrealGDPperperso
2、nin1870,by2010,realGDPintheU.Swas______timeslarger,whilerealGDPperpersoninJapanwas_______. A. 12;smallerB. 12;12timeslargerC. 12;30timeslargerD. 30;12timeslarger 3.Overtheperiodfrom1870to2010,thegrowthofrealGDPpercapitatendedtobemorerapidbetween_____,particularlyfor____
3、_. A. 1870-1950;JapanB. 1870-1950;theUnitedStatesC. 1870-1950;CanadaD. 1950-2010;Japan 4.Overtheperiodfrom1950to2010,whichcountryexperiencedthefastestaverageannualgrowthrateofrealGDPperperson? A. UnitedStatesB. JapanC. ChinaD. Canada 5.GrowthinrealGDPpercapitahas: A.
4、beensteadyoverthecourseofhumanhistory.B. slowedsincethemid-nineteenthcenturycomparedtobefore.C. beenmorerapidsincethemid-nineteenthcenturythaneverbefore.D. increasedoverthelast150yearsonlyintheUnitedStatesandCanada. 6.Theriseinaveragelivingstandardsexperiencedbymostindus
5、trializedcountries: A. hasbeencontinuousoverthecourseofhumanhistory.B. wasmorerapidbefore1870thanafter1870.C. hasbeenmorerapidsince1950thanbefore1950.D. hasresultedprimarilyfromanincreaseinpopulationworldwide. 7.Thelong-runaverageannualgrowthofrealGDPperpersonistheUnite
6、dStatesisapproximately______percent. A. oneB. twoC. fiveD. seven 8.Compoundinterestis: A. thepaymentofinterestontheoriginaldeposit.B. theinterestrateadjustedfortherateofinflation.C. therealrateofinterestcompoundedbytherateofinflation.D. thepaymentofinterestonboththeori
7、ginaldepositandallaccumulatedinterest. 9.BankCpromisestopayacompoundannualinterestrateof6percent,whileBankSpaysa10percentsimpleannualinterestrateondeposits.Ifyoudeposit$1,000ineachbank,after10years,yourdepositinBankCequals_____,whileyourdepositinBankSequals______. A. $1
8、,060;$1,100B. $1,600;$2,000C. $1,600;$2,594D. $1,791;$2,000 10.BankCpromisestopayacompoundannualinteres
