1 An increase in Real GDP: a. is absolute economic growth b. C. always results in a higher standard of living Both of the above O d. Neither of the above

A country's standard of living is best measured by O the population growth rate. O real GDP. O real GDP per capita. the inflation rate, ASUS

7. Two countries start with equal GDPS. The economy of Country A grows at an annual rate of 3 percent, whereas the economy of Country B grows at an annual rate of 4 percent. After 25 years how much larger is Country B's economy than Country A's economyi

Most of the poor countries experience slow growth because of all the following reasons except O A. the government's failure to enforce the rule of law. B. low rates of saving and investment. C. frequent civil disturbances such as wars and revolutions. D. excellent public health and education. The unemployment rate A. typically rises during a recession and falls immediately after the recession has ended. B. typically falls during a recession and rises after the recession has ended. C. typically falls during a recession and after the recession has ended. D. typically rises during a recession and after the recession has ended.

Givoen the rule of 72, how long would it take for China's economy to doube in size at a constant growth rate of 8%     A.) 9 years     B.) 10 years     C.) 20 years     D.) 3 years