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2030_test3 - 1(p 130 If the rate of change of per capita...

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1. (p. 130) If the rate of change of per capita real output is greater than that of real GDP, it must be the case that : a. real GDP is increasing. b. real GDP is decreasing. c. total population is increasing. D . total population is decreasing. Feedback: Since per capita real output equals real GDP divided by the population, it can grow faster than real GDP only if total population is decreasing. Notice that real GDP can be decreasing in this case as long as population is decreasing faster. AACSB: Analytic AP: Yes BT: Comprehension Difficulty: Hard LO: 6-2 Skill: Comprehension Type: Word problem 2. (p. 142) Unlike most countries, the Philippines treats discouraged workers as part of its labor force. As a result: AACSB: Reflective Thinking AP: Yes BT: Analysis Difficulty: Hard LO: 6-4 Skill: Comprehension Type: Word problem 3. (p. 141) The unemployment rate would be lower if: A . members of the armed services were included in the labor force. b. discouraged workers were classified as unemployed. c. underemployed workers were considered unemployed. d. workers who are voluntarily unemployed were considered as part of the labor force. Feedback: Including these workers would reduce the unemployment rate because all members of the military work but are not currently considered as being in the labor force. AACSB: Reflective Thinking AP: Yes BT: Analysis Difficulty: Medium LO: 6-4 Skill: Comprehension Type: Word problem
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