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 ?

Related Mcqs:

1. 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

2. Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?

   A. $145
   B. $40,000
   C. $25
   D. $100

3. Real GDP is nominal GDP measured in constant ?

   A. taxes
   B. prices
   C. exchange rates
   D. interest rates

4. 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

5. The natural rate of output is the amount of real GDP produced ?

   A. When the economy is at the natural rate of unemployment
   B. When the economy is at the natural rate of investment
   C. When the economy is at the natural rate of aggregate demand
   D. When there is no no unemployment

6. 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

7. 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

8. 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

9. One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?

   A. Okun’s Law
   B. classical theory
   C. Consumer price index
   D. none of the above

   Submitted by: Maneesh Kumar

10. Which of the following would be excluded from UK GDP fro 2005? The sale of ?

    A. a haircut
    B. the value of a lawyer’s services
    C. a 2005 Honda made in Swindon
    D. All of things mentioned in these answers should be counted in 2005 GDP.