CPI POST TEST REVIEW ACTUAL PAPER
SOLVED QUESTIONS
◉ How is GDP related to economic prosperity?
Answer: The level of real GDP is a good gauge of economic
prosperity.
◉ What do Chapters 10 and 11 focus on in relation to
macroeconomics?
Answer: They measure macroeconomic quantities and prices.
◉ What does the growth of real GDP indicate?
Answer: It is a good gauge of economic progress.
◉ What does data on real GDP per person reveal about living
standards?
Answer: Living standards vary widely from country to country.
◉ How does income per person in the United States compare to
that in China and India?
Answer: It is about four times that in China and ten times that in
India.
, ◉ What was the real income of a typical resident of Pakistan in
2014 comparable to?
Answer: The typical resident of the United Kingdom in 1870.
◉ What can be inferred about the typical Bangladeshi's real
income in 2014?
Answer: It was considerably less than that of a typical American in
1870.
◉ What is the GDP per person in the United Kingdom?
Answer: $36,010
◉ What percentage of the population in Mexico has access to
modern sanitation facilities?
Answer: 5% of the population
◉ What is the infant mortality rate in Mali?
Answer: 176 out of 1,000 children
◉ What are the four inputs that determine productivity?
Answer: 1. Physical capital per worker, 2. Human capital per
worker, 3. Natural resources per worker, 4. Technological
knowledge.
SOLVED QUESTIONS
◉ How is GDP related to economic prosperity?
Answer: The level of real GDP is a good gauge of economic
prosperity.
◉ What do Chapters 10 and 11 focus on in relation to
macroeconomics?
Answer: They measure macroeconomic quantities and prices.
◉ What does the growth of real GDP indicate?
Answer: It is a good gauge of economic progress.
◉ What does data on real GDP per person reveal about living
standards?
Answer: Living standards vary widely from country to country.
◉ How does income per person in the United States compare to
that in China and India?
Answer: It is about four times that in China and ten times that in
India.
, ◉ What was the real income of a typical resident of Pakistan in
2014 comparable to?
Answer: The typical resident of the United Kingdom in 1870.
◉ What can be inferred about the typical Bangladeshi's real
income in 2014?
Answer: It was considerably less than that of a typical American in
1870.
◉ What is the GDP per person in the United Kingdom?
Answer: $36,010
◉ What percentage of the population in Mexico has access to
modern sanitation facilities?
Answer: 5% of the population
◉ What is the infant mortality rate in Mali?
Answer: 176 out of 1,000 children
◉ What are the four inputs that determine productivity?
Answer: 1. Physical capital per worker, 2. Human capital per
worker, 3. Natural resources per worker, 4. Technological
knowledge.
