Quiz 4 (Chapter 7) - OL_MACROECONOMIC PRINCIPLES_3298A674...

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OL_MACROECONOMIC PRINCIPLES_3298A674 > TESTS/QUIZZES > REVIEW ASSESSMENT: QUIZ 4 Review Assessment: Quiz 4 Name Quiz 4 Status Completed Score 22 out of 24 points Time Elapsed 0 hours, 18 minutes, and 51 seconds out of 0 hours and 30 minutes allowed. Instructions Question 1 2 out of 2 points Real GDP per capita is found by: Selected Answer: dividing real GDP by population. Correct Answer: dividing real GDP by population. Question 2 2 out of 2 points Growth is advantageous to a nation because it: Selected Answer: lessens the burden of scarcity. Correct Answer: lessens the burden of scarcity. Question 3 2 out of 2 points At an annual growth rate of 4 percent, real GDP will double in about: Selected Answer: 17 ½ years. Correct Answer: 17 ½ years. Question 4 2 out of 2 points Recurring upswings and downswings in an economy's real GDP over time are called: Selected Answer: business cycles. Correct Answer:
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This note was uploaded on 02/10/2011 for the course ECON 202 taught by Professor Kotlove during the Spring '11 term at Edmonds Community College.

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Quiz 4 (Chapter 7) - OL_MACROECONOMIC PRINCIPLES_3298A674...

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