Macro Ch9 - History for'Graded Homework Chapter 9 Item...

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Chapter 20 / Exercise 3
Exploring Economics
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History for 'Graded Homework - Chapter 9'Item:Graded Homework - Chapter 9Score:20/2290%(Calculated) scaled to 90.9/10090%Due:Monday, November 07, 2016 12:59 AMSubmitted:Saturday, November 05, 2016 12:34 PMAnswers:1. The key measure used to track economic growth is:nominal GDP per capita.real GDP per capita.real GDP.nominal GDP.
2. U.S. real GDP per capita in 2010 was _____ as much per person as in 1900.
3. The rule of 70 is most useful in:
4. Scenario: Growth RatesSuppose that real GDP per capita of the United States is \$32,000 and its growth rate is 2% per year. Real GDP per capita of China is \$4,000, and its annual growth rate is 7%.Reference: Ref 9-3(Scenario: Growth Rates) Look at the scenario Growth Rates. According to the rule of 70, how large will China's real GDP per capita be in 20 years?
5. Productivity is declining when:real GDP growth exceeds the population growth.population growth exceeds real GDP growth.
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Chapter 20 / Exercise 3
Exploring Economics
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the ratio of adult civilians employed outside the home rises.the number of hours worked exceeds the number of workers.