econ test #2 chapter 6

Over the past 100 years, real GDP per person in the United States has grown at an average of ________ percent a year.

2

In 2010, of the following which nations had the highest level of real GDP per person?

Canada

Between which pair of countries or continents listed below has real GDP per person converged the most since 1960?

Canada and Japan

Convergence of the income gap has been most dramatic between

Hong Kong and the United States

During the 1990s, which of the following experienced the slowest rate of growth in real GDP per person?

Japan

Over the past four decades

U.S. real GDP per person has increased

Countries or regions in which real GDP per person has not grown as fast as in the United States since 1960 include

countries in Africa

The gaps between the United States and the Asian countries of Honk Kong, Singapore, Korea and China have been

decreasing

The historical record for the United States for the past 100 years shows

growth in real GDP per person during most years

The gap between real GDP per person in Africa and real GDP per person in the United States has been

increasing

By measuring ________ we can see that the economies of Hong Kong and Singapore are catching up to the economies of North America but that the economies of Central and South America are not.

real GDP per person