Quiz_210 - Exam Name MULTIPLECHOICE. 1 increasesfasterthan A population;GDPpercapita B population;production C p

Quiz_210 - Exam Name MULTIPLECHOICE. 1 increasesfasterthan...

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ExamName___________________________________MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.1) The only way the standard of living of the average person in a country can increase is if ________increases faster than ________.A) population; GDP per capitaB) population; productionC) population; incomeD) production; populationAnswer: D1)Diff: 1Page Ref: 679/305Topic: Long-Run Economic GrowthLearning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB: Reflective Thinking2) When production in an economy grows more quickly than the population in that economy, whichof the following must be occurring?2)Diff: 1Page Ref: 679/305Topic: Long-Run Economic GrowthLearning Outcome: Macro 4: Explain the sources of productivity growthAACSB: Reflective Thinking3) Which of the following describes the growth in real GDP per person in the United States from 1900to the present?3)Diff: 1Page Ref: 679/305Topic: Long-Run Economic GrowthLearning Outcome: Macro 1: Define macroeconomics and identify its basic concernsAACSB:

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