Annual Growth Rates of Real GDP Per Capita (in percents) Ending Year 1929 1933 -8.2 1939 0.2 1940 0.9 1945 3.7 10.3 1950 2.4 4.1 -1.8 1955 2.4 3.6 0.4 2.7 1960 2.2 2.9 0.6 1.7 0.8 1965 2.4 3.0 1.3 2.3 2.1 3.5 1970 2.3 2.9 1.5 2.3 2.2 2.9 2.3 1975 2.3 2.7 1.5 2.2 2.0 2.4 2.0 1.6 1980 2.3 2.7 1.7 2.2 2.1 2.5 2.2 2.1 2.6 1985 2.3 2.6 1.7 2.2 2.2 2.4 2.2 2.1 2.4 2.2 1990 2.3 2.6 1.8 2.2 2.2 2.4 2.2 2.2 2.4 2.2 2.3 1995 2.2 2.5 1.7 2.1 2.1 2.3 2.1 2.0 2.1 1.9 1.8 1.3 2001 2.3 2.5 1.9 2.2 2.2 2.3 2.2 2.2 2.3 2.2 2.2 2.1 2.8 1929 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 Starting Year Source: Economic Report of the President, various years. This table keeps changes in real GDP from being overstated by adjusting for Select one: a. productivity. b. inflation. c. standard of living. d. population growth. Question 2 Not yet answered Marked out of 1.00 Flag question Question text Per Capita GDP $33,609 $33,586 $27,126 $23,311 $23,230 Economists use numbers such as those in the table as a measure of Select one: a. net exports. b. total dollar value of all final goods and services. c. national income. d. standard of living. Question 3 Not yet answered Marked out of 1.00 Flag question Question text Per Capita GDP $33,609 $33,586 $27,126 $23,311 $23,230 The numbers in this table were calculated by Select one: a. multiplying GDP by total population. b. dividing GDP by total population. c. adding the dollar value of all final goods and services produced in the nation. d. subtracting net exports from GDP. Question 4 Not yet answered Marked out of 1.00 Flag question Question text Source: “Leading Indicators Decline,” USAToday.com, October 22, 2001. The passage discusses a business fluctuation influenced by Select one: a. external shock. b. monetary factors. c. innovation. d. capital expenditures. Question 5 Not yet answered Marked out of 1.00 Flag question Question text Source: The New York Times, July 14, 1999. The passage describes rising inflation as a possible result of Select one: a. a booming economy. b. rising unemployment. c. tax cuts. d. a prolonged period of stable prices. Annual Growth Rates of Real GDP Per Capita (in percents) Ending Year 1929 1933 -8.2 1939 0.2 1940 0.9 1945 3.7 10.3 1950 2.4 4.1 -1.8 1955 2.4 3.6 0.4 2.7 1960 2.2 2.9 0.6 1.7 0.8 1965 2.4 3.0 1.3 2.3 2.1 3.5 1970 2.3 2.9 1.5 2.3 2.2 2.9 2.3 1975 2.3 2.7 1.5 2.2 2.0 2.4 2.0 1.6 1980 2.3 2.7 1.7 2.2 2.1 2.5 2.2 2.1 2.6 1985 2.3 2.6 1.7 2.2 2.2 2.4 2.2 2.1 2.4 2.2 1990 2.3 2.6 1.8 2.2 2.2 2.4 2.2 2.2 2.4 2.2 2.3 1995 2.2 2.5 1.7 2.1 2.1 2.3 2.1 2.0 2.1 1.9 1.8 1.3 2001 2.3 2.5 1.9 2.2 2.2 2.3 2.2 2.2 2.3 2.2 2.2 2.1 2.8 1929 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 Starting Year Solution Hi, The correct answers are as follows: 1. Inflation Eplanation: Real Gross Domestic Product (real GDP) is a macroeconomic measure of the value of economic output adjusted for price changes (i.e., inflation or deflation) --------- 2. standard of living Eplanation: P.