Quiz_210 - 14 , bespending A B C moretimein

Quiz_210 - 14 , bespending A B C moretimein

This preview shows page 1 - 2 out of 4 pages.

14) Economist Robert Fogel has estimated that by the year 2040, individuals in the United States willbe spendingA) less time in the workforce and more time in leisure activities than they do today.B) more time in the workforce and less time in leisure activities than they do today.C) more time in the workforce and more time in leisure activities than they do today.D) less time in the workforce and less time in leisure activities than they do today.Answer: A14)Diff: 1Page Ref: 680-681/274-275Topic: Long-Run Economic GrowthLearning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB:15) If real GDP grows by 3% in 2009, 3.2% in 2010, and 2.5% in 2011, what is the average annualgrowth rate of real GDP?15)Diff: 2Page Ref: 681/275Topic: Calculating Growth RatesLearning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB: Analytic Skills16) Countries with high rates of economic growth tend to have16)Diff: 1Page Ref: 682/276Topic: Labor ProductivityLearning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB: Reflective Thinking17) According to theʺRule of 70ʺ, how many years will it take for real GDP per capita to double whenthe growth rate of real GDP per capita is 5%?17)Diff: 2Page Ref: 682/276Topic: The Rule of 70Learning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB: Analytic Skills

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture