The rate of change in GDP over time is called:
A. the price accelerator.
B. the output generator.
C. the Gini coefficient.
D. the economic growth rate.
Answer: D
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Macroeconomics Chapter 7
- When maximizing economic growth is a country's goal:
- GDP per capita:
- Which of the following measures can give some indication of the quality of life in an economy?
- The Green GDP:
- An example of a negative externality is:
- Negative externalities:
- The size of the underground economy is larger when:
- In the United States the underground economy has been valued at around:
- On average across the world, the underground economy is worth about
- The difference between black market and gray market activities is:
- The many goods and services that are sold below the radar, outside of official records take place in the:
- An example of something that might be sold in the underground economy is:
- Which of the following activities would be included in GDP?
- Which of the following activities would be included in GDP?
- An activity that would not be included in GDP would be:
- A major category of economic activity that is not counted as part of GDP is:
- Of the world's countries, which of the following can be said of their real GDP growth rates in recent years?
- The government office that declares official periods of recession and depression is the:
- A depression is:
- A recession is characterized by:
- A period of significant decline in economic activity, marked by falling GDP, rising unemployment, and an increased number of bankruptcies, is called:
- If a country experiences a negative growth rate in real GDP, it means:
- If Italy's real GDP fell from $2.2 trillion one year to $1.9 trillion the next, the annual growth rate would be:
- If China's real GDP grew from $7 trillion one year to $8 trillion the next, the annual growth rate would be:
- If U.S. real GDP grew from $12 trillion one year to $12.7 trillion the next, the annual growth rate would be:
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