100% CORRECT WELL DETAILED
ANSWERS|LATEST
UPDATE!!!!!!2025/2026|GUARANTEED
Economic growth is
Select one:
a. equal to real GDP per capita multiplied by 70.
b. a sustained expansion of consumption expenditure over a given period.
c. a sustained expansion of production possibilities measured as the increase in nominal GDP
over a given period.
d. a sustained expansion of production possibilities measured as the increase in real GDP
over a given period.
e. always accompanied by a rising price level - ANSWER D A sustained expansion of
production possibilities measured as the increase in real gdp over a given period
During 2012, the country of Economia had real GDP of $115 billion and the population was
0.9 billion. In 2011, real GDP was $105 billion and the population was 0.85 billion. What is
the percentage change in real GDP per person between 2011 and 2012?
Select one:
a. 9.5
b. 3.4
c. 5.9
d. 10
e. 0.05 - ANSWER B
1
, Real GDP per person in the country of Flip is $10,000, and the growth rate is 10 percent a
year. Real GDP per person in the country of Flap is $20,000 and the growth rate is 5 percent
a year. When will real GDP per person be greater in Flip than in Flap?
Select one:
a. in 10 years
b. in 2 years
c. in 7 years
d. in 15 years
e. never - ANSWER D
In which of the following decades did Canada experience the slowest economic growth?
Select one:
a. 1960s
b. 1970s
c. 1980s
d. 1940s
e. 1990s - ANSWER C
The gap between real GDP per person in Canada and Hong Kong has ________ since 1960.
During this period, the growth rate of real GDP per person in Canada has been ________
than in Hong Kong.
Select one:
a. remained constant / equal
b. reversed / faster
c. decreased / faster
d. increased / faster
2
ANSWERS|LATEST
UPDATE!!!!!!2025/2026|GUARANTEED
Economic growth is
Select one:
a. equal to real GDP per capita multiplied by 70.
b. a sustained expansion of consumption expenditure over a given period.
c. a sustained expansion of production possibilities measured as the increase in nominal GDP
over a given period.
d. a sustained expansion of production possibilities measured as the increase in real GDP
over a given period.
e. always accompanied by a rising price level - ANSWER D A sustained expansion of
production possibilities measured as the increase in real gdp over a given period
During 2012, the country of Economia had real GDP of $115 billion and the population was
0.9 billion. In 2011, real GDP was $105 billion and the population was 0.85 billion. What is
the percentage change in real GDP per person between 2011 and 2012?
Select one:
a. 9.5
b. 3.4
c. 5.9
d. 10
e. 0.05 - ANSWER B
1
, Real GDP per person in the country of Flip is $10,000, and the growth rate is 10 percent a
year. Real GDP per person in the country of Flap is $20,000 and the growth rate is 5 percent
a year. When will real GDP per person be greater in Flip than in Flap?
Select one:
a. in 10 years
b. in 2 years
c. in 7 years
d. in 15 years
e. never - ANSWER D
In which of the following decades did Canada experience the slowest economic growth?
Select one:
a. 1960s
b. 1970s
c. 1980s
d. 1940s
e. 1990s - ANSWER C
The gap between real GDP per person in Canada and Hong Kong has ________ since 1960.
During this period, the growth rate of real GDP per person in Canada has been ________
than in Hong Kong.
Select one:
a. remained constant / equal
b. reversed / faster
c. decreased / faster
d. increased / faster
2
