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Pre-Test Chapter 7 ed17 - Pre-Test Chapter 7 ed17 Multiple...

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Prof Keep Econ Chap 7 ed 17 Pre-Test Chap 7 Page 1 of 5 Pre-Test Chapter 7 ed17 Multiple Choice Questions 1. Real GDP per capita: A. cannot grow more rapidly than real GDP. B. cannot grow more slowly than real GDP. C. necessarily grows more rapidly than real GDP. D. can grow either more slowly or more rapidly than real GDP. 2. In which of the following industries or sectors of the economy is output likely to be most strongly affected by the business cycle? 3. (Last Word) Declines in stock prices measured by the Dow Jones average: 4. If the U.S. unemployment rate is 9 percent, we can infer that: 5. If Fred's annual real income rises by 8 percent each year, his annual real income will double in about: A. 8-9 years. B. 10-11 years. C. 5-6 years. D. 19-20 years. 6. If a nation's real GDP is growing by 5 percent per year, its real GDP will double in approximately:
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