Economic Growth

21 August 2022
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10 test answers

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question
The map shows GDP per capita in the United States for a given year. What conclusion can someone draw from the map? States with the highest per capita GDP tend to be in the South. Alaska has the lowest per capita GDP of any state. States with the lowest per capita GDP tend to be in the South. Florida has a higher per capita GDP than New York.
answer
States with the lowest per capita GDP tend to be in the South.
question
The graph shows unemployment rates in the United States in recent years. Which statement is the most accurate explanation of the information on the graph? Unemployment rates rise and fall in predictable patterns. Unemployment will never again be as high as it was in 2010. The United States suffered an economic downturn starting in 2009. The United States does not have to worry about unemployment.
answer
The United States suffered an economic downturn starting in 2009.
question
Sometimes an economy cannot grow because of external factors, such as lack of skilled labor. poor infrastructure. low domestic demand. low demand for exports.
answer
low demand for exports.
question
This graph shows merchandise export data for the years 2010 through 2012. Which statement most accurately describes the information presented on the graph? The United States exported more merchandise than any other nation. The United States exported more than $2 trillion worth of goods in 2012. China exported more goods than the United States from 2010 to 2012. China exported more than $2 trillion in goods for each year on the graph.
answer
China exported more goods than the United States from 2010 to 2012.
question
Which unemployment rate do most economists consider to be acceptable in the United States? 0 percent 5 percent 10 percent 20 percent
answer
5 percent
question
The graph shows changes in GDP in the United States from 2009 to 2011. How did the contribution of the services sector to GDP change between 2009 and 2011? It rose by less than 1 percent. It fell significantly. It rose significantly. It stayed exactly the same.
answer
It rose significantly.
question
The graph shows data for the years 2010 through 2012. Which might be a better title for this graph? Total Exports for the United States and China Trade Between China and the United States Unemployment in the United States and China The History of International Trade
answer
Total Exports for the United States and China
question
Which describes a factor that limits economic growth? making investments developing technology engaging in trade having low internal demand
answer
having low internal demand
question
An increase in gross domestic product (GDP) is a sign that a country's economy is declining. stagnant. growing. depressed.
answer
growing.
question
These circle graphs show information about Bolivia's workforce. Which statement best summarizes the information on these graphs? Many Bolivians are farmers, but the agriculture sector does not produce much in terms of GDP. Industry in Bolivia has grown very important to that country's economy in recent years. Bolivia is investing large sums of money in education in an effort to encourage economic growth. Bolivia must depend on agriculture if it intends to have a healthy economic future.
answer
Many Bolivians are farmers, but the agriculture sector does not produce much in terms of GDP.