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18- In 2015, the country with the highest GDP per capita in the world was a) India b) China c) the United States d) Norway 19-If gross domestic...

18-In 2015, the country with the highest GDP per capita in the world was

a) India

b) China

c) the United States

d) Norway


19-If gross domestic purchases are ________, then net exports are ________.

a) greater than gross domestic product; greater than net imports

b) equal to zero; also equal to zero

c) greater than gross domestic product; positive

d) less than gross domestic product; positive


20-In 2015, Brazil had a population of roughly 208 million people and a GDP of approximately $1.8 trillion. This means that GDP per capita in Brazil was approximately

a) $11,600

b) $8,700

c) $87

d) $87,000


8-2-Which of the following countries has NOT experienced hyperinflation?

a) Norway

b) Brazil

c) Germany

d) Bolivia


8-6-Inflation is

a) one of the key measures in the GDP

b) one of the key measures of the health of an economy

c) generally steady from year to year

d) generally beneficial to countries


8-10-Which is NOT a category of goods included in the BLS's consumer market basket?

a) Communication

b) New vehicles

c) Medical care

d) Business office supplies


8-12-What is deflation?

a) An increase in the price level that reduces the GDP

b) A decrease in the price level

c) A decrease in the rate of inflation

d) A reduction in GDP caused by changes in the price level.

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18 d) In 2015, the country with the highest GDP per capita in the world was Norway 19- c) If gross domestic purchases are... View the full answer

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