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Macroeconomics, 6e (Blanchard/Johnson)
Chapter 1: A Tour of the World
1.1 Multiple Choice Questions
1) In 2010, output per capita in the United States was approximately equal to
A) $15,500.
B) $25,800.
C) $43,800.
D) $47,300.
Answer: D
Diff: 2
2) The most recent financial crisis started in
A) stock market.
B) bond market.
C) foreign exchange market.
D) housing market.
Answer: D
Diff: 2
3) The standard of living typically refers to
A) the rate of unemployment.
B) output per capita.
C) wealth per capita.
D) all of the above
Answer: B
Diff: 1
4) In 2010 , the U.S. budget deficit as a perce
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