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# Macroeconomics Canada Study Set 2

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## Quiz 6 : Economic Growth

Free
Multiple Choice

A

During 2016, the country of Economia had real GDP of $115 billion and the population was 0.9 billion.In 2017, real GDP was$105 billion and the population was 0.85 billion.In 2016, real GDP per person was
Free
Multiple Choice

D

In which of the following decades did Canada experience the slowest economic growth?
Free
Multiple Choice

C

Economic growth is
Multiple Choice
If real GDP per person is growing at 4 percent per year, it will double in
Multiple Choice
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?
Multiple Choice
Growthland's real GDP per person was $112,000 in 2016 and$117,000 in 2017.What is the growth rate of Growthland's real GDP per person in 2017?
Multiple Choice
In 2016, Northland had real GDP of $4.21 billion and a population of 2.98 million.In 2017, real GDP was$4.59 billion and population was 2.97 million.What was Northland's growth rate of real GDP in 2017?
Multiple Choice
The current growth rate of real GDP per person is 2 percent a year.How long will it take for real GDP per person to double?
Multiple Choice
The current growth rate of real GDP per person is 1 percent a year.How long will it take for real GDP per person to double?
Multiple Choice
During 2016, the country of Economia had real GDP of $115 billion and the population was 0.9 billion.In 2017, real GDP was$105 billion and the population was 0.85 billion.In 2017, real GDP per person was
Multiple Choice
In 2016, Northland had real GDP of $4.21 billion and a population of 2.98 million.In 2017, real GDP was$4.59 billion and population was 2.97 million.Northland's real GDP per person in 2017 was
Multiple Choice
If the current growth rate of real GDP per person is 10 percent a year, how long will it take for real GDP per person to double?
Multiple Choice
Suppose a country's population grows by 2 percent a year and, at the same time, its real GDP grows by 5 percent a year.Real GDP per person is increasing by _______ a year.
Multiple Choice
Canada's economic growth rate was highest in which of the following decades?
Multiple Choice
Real GDP is $20 million.If the economy grows at 10 percent per year, approximately how many years will it take for real GDP to grow to$80 million?
Multiple Choice
In 2016, Northland had real GDP of $4.21 billion and a population of 2.98 million.In 2017, real GDP was$4.59 billion and population was 2.97 million.Between 2016 and 2017, Northland's standard of living