Essentials of Economics Study Set 3

The average income in a rich country,such as the United States or Japan,is more than

Which of the following are residents of rich countries likely to have in greater quantities,or better quality,than residents of poor countries?

The average income in a rich country

Over the past century in the United States,real GDP per person has grown,on average,by about

During the past century the average growth rate of U.S.real GDP per person implies that it doubled,on average,about every

In the United States,as measured by real GDP per person,average income is about how many times as high as average income a century ago?

Over the last century,U.S.real GDP per person grew at a rate of about

Over the past century in the United States,average income as measured by real GDP per person has grown about

Over the past 100 years,U.S.real GDP per person has doubled about every 35 years.If it continues to double every 35 years,then in 100 years U.S.real GDP per person will be about

In recent decades,average income in some East Asian countries,such as South Korea,Singapore,and Taiwan,has risen about

In some East Asian countries,average income,as measured by real GDP per person,has recently grown at an average annual rate that implies output will double about every

A country experiencing a growth rate of 8% per year can go from being one of the poorest to one of the richest in how many generations?

A country experiencing a growth rate of 8% per year can go from being one of the poorest to one of the richest in

In which of the following countries has economic growth been sufficiently strong in recent history to propel that country from being among the poorest in the world to being among the richest in the world?

In which of the following countries has economic growth been sufficiently strong in recent history to propel that country from being among the poorest in the world to being among the richest in the world?

Average income has been stagnant for many years in

Average income has been stagnant for many years in

Average income has been stagnant for many years in

Which of the following is a good gauge of economic progress?

Productivity is the amount of goods and services