In the absence of any other changes which measure would show a decrease in

In the absence of any other changes which measure

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In the absence of any other changes, which measure would show a decrease in living standards? A Gross Domestic Product per head B Gross National Product per head C Human Development Index D Measure of Economic Welfare 22 The graphs below show percentage changes in money GDP and consumer prices in a country between 2008 and 2010. 2008 2009 2010 10 5 % % change in money GDP 2008 2009 2010 6 4 2 % % change in consumer prices Which conclusion may be drawn from the graphs? A Between 2009 and 2010 money GDP fell but consumer prices continued to rise. B Consumer prices and money GDP both continued to rise throughout the period. C In real terms GDP grew throughout the period. D When consumer prices rose, money GDP fell. 23 Why do some economists suggest there may be positive benefits from frictional unemployment? A A short spell of frictional unemployment may lead workers to become discouraged. B Frictional unemployment allows time for retraining in newly emerging skills. C Job search during frictional unemployment may lead to a better match of workers and jobs. D The psychological effects of frictional unemployment are less than the economic effects.
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11 © UCLES 2017 9708/32/M/J/17 [Turn over 24 The table shows the levels of consumption expenditure for given family incomes. disposable family income ($) consumption expenditure ($) 2000 2150 3000 3100 4000 4000 5000 4850 6000 5650 7000 6380 Over the range of disposable income shown, as income rises what happens to the marginal propensity to consume? A It falls and then rises. B It falls continuously. C It rises and then falls. D It rises continuously. 25 Which could cause the official statistics for the national income per head of a developing country to overstate the true level of economic well-being of its inhabitants? A if there is dependence on barter in internal trade B if subsistence agriculture dominates total economic activity C if services are an important component of exports D if there is extreme income inequality
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12 © UCLES 2017 9708/32/M/J/17 26 The table shows some United Nations population statistics for 2010 and estimates for 2050. types of region total population (m) 2010 total population (m) 2050 urban population (m) 2010 urban population (m) 2050 population urbanised (%) 2010 population urbanised (%) 2050 more developed regions 1237 1275 930 1100 75 86 less developed regions 5671 7875 2556 5186 45 66 least developed regions 855 1673 249 914 29 55 Which relationship can be confirmed from the table? A The least developed regions have the largest urban populations, actual or predicted, in both years. B The more developed regions have the lowest growth rate of urbanisation between 2010 and 2050. C The type of region with the greatest total population in 2010 is predicted to have the greatest rate of population growth by 2050. D The type of region with the greatest urban population in 2010 is predicted to have the highest level of urbanisation by 2050.
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  • Fall '14
  • MichelleM.
  • Economics, UCLES, money GDP

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