EBK MACROECONOMICS FOR TODAY
9th Edition
ISBN: 8220101425966
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 20, Problem 3SQ
To determine
The factors that increase per capita GDP.
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28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita
of $75,000. Which of the following is NOT a plausible reason for Country B's higher
GDP-per-capita?
(A) Country B has more open and inclusive economic and political institutions.
(B) Country B has more natural resource wealth.
(C) Country B has lower productivity.
(D) Country B has more capital.
29. After lockdowns were declared globally in 2020, the price of oil crashed from $64
per barrel in January to $18 per barrel in April. What is the most likely reason that
lockdowns contributed to the oil price crash?
(A) Supply increased due to oil companies reallocating resources to help with the
COVID-19 pandemic.
(B) Supply decreased due to oil workers being furloughed.
(C) Demand increased from factories producing Personal Protective Equipment for
essential workers.
(D) Demand decreased since fewer people were commuting to work.
30. Suppose that the GDP deflator is 150, and nominal GDP is $7.5 billion. What is…
50
The table shows the real GDP and population information for three years for the country of Alta.
Year
Real GDP
Population
1
$2,000
200
2
2,080
202
3
2,100
210
Between years 1 and 2, real GDP grew by __________ percent in Alta.
Multiple Choice
5
4
3
8
Chapter 20 Solutions
EBK MACROECONOMICS FOR TODAY
Ch. 20.2 - Prob. 1GECh. 20 - Prob. 1SQPCh. 20 - Prob. 2SQPCh. 20 - Prob. 3SQPCh. 20 - Prob. 4SQPCh. 20 - Prob. 5SQPCh. 20 - Prob. 6SQPCh. 20 - Prob. 7SQPCh. 20 - Prob. 8SQPCh. 20 - Prob. 9SQP
Ch. 20 - Prob. 10SQPCh. 20 - Prob. 11SQPCh. 20 - Prob. 12SQPCh. 20 - Prob. 1SQCh. 20 - Prob. 2SQCh. 20 - Prob. 3SQCh. 20 - Prob. 4SQCh. 20 - Prob. 5SQCh. 20 - Prob. 6SQCh. 20 - Prob. 7SQCh. 20 - Prob. 8SQCh. 20 - Prob. 9SQCh. 20 - Prob. 10SQCh. 20 - Prob. 11SQCh. 20 - Prob. 12SQCh. 20 - Prob. 13SQCh. 20 - Prob. 14SQCh. 20 - Prob. 15SQCh. 20 - Prob. 16SQCh. 20 - Prob. 17SQCh. 20 - Prob. 18SQCh. 20 - Prob. 19SQCh. 20 - Prob. 20SQ
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