(Test Bank)Economics Today The Macro View, 19th Edition by Roger LeRoy Miller chapter 9

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1、EconomicsToday:TheMacroView,19e(Miller)Chapter9GlobalEconomicGrowthandDevelopment9.1HowDoWeDefineEconomicGrowth?1)AnincreaseingrowthrateswillcausetheproductionpossibilitiescurvetoA)shiftinward.B)becomesteeper.C)becomeflatter.D)shiftoutward.Answer:DDiff

2、:1Topic:9.1HowDoWeDefineEconomicGrowth?LearningOutcome:Macro-4:ExplainthesourcesofproductivitygrowthAACSB:Analyticalthinking2)AnoutwardshiftoftheproductionpossibilitiescurverepresentsA)economiccontraction.B)economicgrowth.C)economicrecession.D)economic

3、inflation.Answer:BDiff:1Topic:9.1HowDoWeDefineEconomicGrowth?LearningOutcome:Macro-4:ExplainthesourcesofproductivitygrowthAACSB:Analyticalthinking3)Whichofthefollowingvariablesisusedtomeasureeconomicgrowth?A)nominalGDPB)nominalGDPpercapitaC)realGDPD)re

4、alGDPpercapitaAnswer:DDiff:1Topic:9.1HowDoWeDefineEconomicGrowth?LearningOutcome:Macro-4:ExplainthesourcesofproductivitygrowthAACSB:Analyticalthinking88Copyright©2018PearsonEducation,Inc.4)Accordingtoyourtext,whichofthefollowingcountrieshasexperiencedt

5、hehighestannualpercapitaGrossDomesticProduct(GDP)growthratesince1970?A)ChinaB)JapanC)GermanyD)UnitedStatesAnswer:ADiff:1Topic:9.1HowDoWeDefineEconomicGrowth?LearningOutcome:Macro-4:ExplainthesourcesofproductivitygrowthAACSB:Analyticalthinking5)Theterm"

6、economicgrowth"referstoincreasesinA)resourcesuse.B)nominalincome.C)satisfaction.D)productivecapacity.Answer:DDiff:1Topic:9.1HowDoWeDefineEconomicGrowth?LearningOutcome:Macro-4:ExplainthesourcesofproductivitygrowthAACSB:Analyticalthinking6)Economicgrowt

7、hisusuallydefinedasA)therateofincreaseinoutputdividedbytheincreaseinlabor.B)theincreaseinoutputovertime,asmeasuredbyrealpercapitaGrossDomesticProduct(GDP).C)theincreaseininputavailability.D)thereductionintherealcostofnecessities.Answer:BDiff:1Topic:9.1

8、HowDoWeDefineEconomicGrowth?LearningOutcome:Macro-4:ExplainthesourcesofproductivitygrowthAACSB:Analyticalthinking7)Usingaproductionpossibilitiescurve,economicgrowthisrepresentedbyA)anoutwardshiftinthecurve.B)amovementalongthecurve.C)ani