Answers EconomicsAggregate Economic Behavior and the Global Economy

Aggregate Economic Behavior and the Global Economy — Test Answers

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There would be no separation between one country’s economy and another’s if the entire world

shared the same currency.

chose paper currency over coins.

eliminated denominations for currency.

agreed to use only two types of currency.

As of 2013, which of these countries had the highest GDP per capita?

Brazil

Uganda

the United States

Switzerland

Economic growth takes place when a country

has a high unemployment rate.

produces more goods and services.

measures its gross domestic product (GDP).

produces a steady number of automobiles.

When economists determine that a nation’s GDP has declined, they can point to this as a sign of

economic growth.

low unemployment.

economic shrinkage.

poor leadership.

How has a change in internet access from 2003 to 2019 most likely affected globalization?

A 40 percent decrease in internet access has most likely had little effect on globalization.

A 30 percent increase in internet access has most likely had little effect on globalization.

A 50 percent increase in internet access has most likely sped up globalization.

A 60 percent decrease in internet access has most likely slowed down globalization.

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