D) employment population growth rate plus the growth rate of real GDP B) change
ID: 1122212 • Letter: D
Question
D) employment population growth rate plus the growth rate of real GDP B) change in the economic growh rate divided by the change in the Cj the economic growth rate per person divided by theangeineulation growth 271 The growh rate of real GDP per person equals the the population. E) population growth rate plus the growth rate of real GDP then d divided by the initial level of real GOP 8 The population in the current year is 275 million and the real GDP is $9 trilin. The 28) were a population of 270 million and a real GDP of $8.6 trillion. The change in the by growth in real GDP per person, is A) 5.7 percent B) 4.7 percent C) 2.8 percent. D) 1.9 percent E) 0 percent can be used to calculate the number of years that t takes for the level of a variable to 29The rie of A) 20, double B) 70; triple -C) 70, double D) 20, triple E) thumb; double 30) The Rule of 70 states that the level of a variable will double in A) 70 years B) the number of years equal to the variable's annual rate of growth divided by 70 -C) the number of years equal to 70 divided by the variable's annual growth rate. D) the number of years equal to the variable's annual growth rate minus 70. E) the expressed as a decimal. number of years equal to 70 multiplied by the variable's annual growth rate 31) The aggregate supply curve illustrates that the higher the price level, the greater the quantity of real GDP supplied B) higher the price level, the smaller the quantity of real GDP supplied level aggregate demand curve is not needed to determine the aggregate pnce D) price level does not affect the quantity of real GDP suppled E) amount of potential GDP increases when the price level rises 32) If the price level increases from 110.0 to 115.0, the quantty of A) real GDP supplied will increase B) real GDP supplied will decrease. C) potential GDP will decrease D) real GDP demanded will increase. E) potential GDP will increase. 33) The above table gives aggregate demand and aggreg B) $9 trillion. supply schedules Equilbrim real GOp'sExplanation / Answer
27> D
Real GDP per capita is Real GDP divided by Population. So, the growth rate must be growth rate of Real GDP minus population growth.
28> C
It changed from $31852 to $32727
29>c
The rule of 70 is a way to estimate the number of years it takes for a certain variable to double. To estimate the number of years for a variable to double, take the number 70 and divide it by the growth rate of the variable.
30>C
The rule of 70 is a way to estimate the number of years it takes for a certain variable to double. To estimate the number of years for a variable to double, take the number 70 and divide it by the growth rate of the variable.
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