【国际经济学专题考试试卷二十五】Production and Growth

Chapter 25

Production and Growth

TRUE/FALSE

1. If per capita real income grows by 2 percent per year, then it will double in approximately 20 years.

ANS: F DIF: 1 REF: 25-0

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

2. Over the period 1870-2006, the United States experienced an average annual growth rate of real GDP per

person of about 4 percent per year.

ANS: F DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

3. In 2006, income per person in the United States was about 12 times that in India.

ANS: T DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

4. Over the period 1900-2006, Brazil’s rate of economic growth exceeded t hat of China.

ANS: T DIF: 2 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

5. If a country has a higher level of productivity than another, then it also has a higher level of real GDP.

ANS: F DIF: 2 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Productivity

MSC: Analytical

6. International data on real GDP per person give us a sense of how standards of living vary across countries. ANS: T DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Real GDP

MSC: Definitional

7. Real GDP per person in rich countries, such as Germany, is sometimes more than 10 times that of poor

countries like Pakistan.

ANS: T DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Standard of living

MSC: Definitional

8. Both the standard of living and the growth of real GDP per person vary widely across countries.

ANS: T DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth

TOP: Standard of living | Real GDP MSC: Definitional

9. If they could increase their growth rates slightly, countries with low income would catch up with rich

countries in about ten years.

ANS: F DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth

TOP: Economic growth | Catch-up effect MSC: Interpretive

10. In the United States real GDP per person is about $44,000, while in some poor countries real GDP per person

is less than $3,000.

ANS: T DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

1683

1684 Chapter 25 /Production and Growth

11. Although growth rates across countries vary some, rankings of countries by income remain pretty much the

same over time.

ANS: F DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

12. International data on the history of real GDP growth rates shows that over the last 100 years or so, rich

countries got richer and poor countries got poorer.

ANS: F DIF: 1 REF: 25-1

NAT: Analytic LOC: Productivity and growth T OP: Economic growth

MSC: Definitional

13. Productivity can be computed as number of hours worked divided by output.

ANS: F DIF: 1 REF: 25-2

NAT: Analytic LOC: Productivity and growth T OP: Productivity

MSC: Definitional

14. Indonesians, for example, have a lower standard of living than Americans because they have a lower level of

productivity.

ANS: T DIF: 1 REF: 25-2

NAT: Analytic LOC: Productivity and growth

TOP: Productivity | Standard of living MSC: Interpretive

15. If Country A produces 6,000 units of goods and services using 600 hours of labor, and if Country B

produces 5,000 units of goods and services using 450 units of labor, then productivity is higher in Country B than in Country A.

ANS: T DIF: 2 REF: 25-2

NAT: Analytic LOC: Productivity and growth T OP: Productivity

MSC: Applicative

16. Like physical capital, human capital is a produced factor of production.

ANS: T DIF: 2 REF: 25-2

NAT: Analytic LOC: Productivity and growth

TOP: Physical capital | Human capital MSC: Interpretive

17. Human capital is the term economists use to refer to the knowledge and skills that workers acquire through

education, training, and experience.

ANS: T DIF: 2 REF: 25-2

NAT: Analytic LOC: Productivity and growth T OP: Human capital

MSC: Definitional

18. A forest is an example of a nonrenewable resource.

ANS: F DIF: 1 REF: 25-2

NAT: Analytic LOC: Productivity and growth T OP: Natural resources

MSC: Definitional

19. Historical trends in the prices of most natural resources compared to prices of other goods indicate that natural

resources have become scarcer over time.

ANS: F DIF: 2 REF: 25-2

NAT: Analytic LOC: Productivity and growth T OP: Natural resources

MSC: Interpretive

20. It is possible for a country without a lot of domestic natural resources to have a high standard of living. ANS: T DIF: 1 REF: 25-2

NAT: Analytic LOC: Productivity and growth

TOP: Natural resources | Standard of living MSC: Interpretive