William Rainey Harper College

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MACROECONOMICS IN THE GLOBAL ECONOMY

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WEEK 10 - Economic Growth and the Less Developed Countries
Chapters 16 and 16W

QUESTIONS ???

SURVEY RESULTS

  Question 1: The economic growth rate for the United States in 2005 was: (annual increase in real GDP):

1.5% ( 26%)

2.5% ( 17%)

3.5% (26%) CORRECT

4.5% ( 0%)

Question 2: The average annual growth rate (real GDP) for the United States for the decade between 1996-2005 was:

1.2% ( 9%)

2.2% ( 30%)

3.2% ( 22%) CORRECT

4.2% ( 0%)

Question 3: The average annual growth rate of real GDP in China during the last decade was about:

1% ( 9%)

3% ( 13%)

5% ( 26%)

10% ( 52%) CORRECT

Question 4: The income per capita (per person) in the United States in 2004 was:

$21,000 ( 17%)

$31,000 ( 57%)

$41,000 ( 26%) CORRECT

$51,000 ( 0%)

Question 5: The income per capita (per person) in China in 2004 was:

$1,300 ( 43%) CORRECT

$13,000 ( 48%)

$23,000 ( 4%)

$33,000 ( 4%)

 

WEEKLY ASSIGNMENTS

Week 10

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