A. It measures wealth not income
B. It measures Gross Domestic Product
C. It does not measure the quality of the items produced
D. It is only measured every five years:
Related Mcqs:
- If GDP for Palau a small country near southeast of the Philippines is $130 million in 2012 and its population is 20,000 GDP per capita is ?
A. 6500
B. 130
C. 0.0065
D. 650 - IF GDP for Maldivies is $435 million in 2012 and the GDP per capita is $1576.087 the population of the country must be ?
A. 276,000
B. 1576,086
C. 0.276
D. 3.623 - If GDP for Barbados is $260 million in 2011 and its population is 260,000 GDP per capita is ?
A. 1000
B. 260
C. 0.001
D. 259740 - How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?
A. declined
B. increased
C. remained the same
D. cannot be determined - If in Pakistan real GDP/person in 2004 is Rs18,073 and real GDP/person is 2005 is Rs18,635 What is the growth rate of real output per person over this period ?
A. 3.1 percent
B. 3.0 percent
C. 18.6 percent
D. 18.0 percent - If nominal GDP in 2005 exceeds nominal GDP in 2004, then the production of output ?
A. must have fallen
B. must have risen
C. must have stayed the same
D. may have risen fallen, or stayed the same because there is not enough information to determine what happened to real output - Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final - Real GDP is nominal GDP measured in constant ?
A. taxes
B. prices
C. exchange rates
D. interest rates - GDP per head may be an imperfect measure of economic welfare because it excludes ?
A. the value of leisure
B. Externalities
C. Untraded goods
D. Change in the distribution of income
E. All of the above - Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?
A. Ghana and Mexico
B. Canada and the United States
C. Sierra Leone and Nigeria
D. Taiwan and South Korea
