Test #13, Chapter 18

Per capita income is calculated by

Your answer:
Income growth – population growth
Income growth / population growth
Income growth x population growth
Income / population
Income growth + population growth


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Per capita income is measured by

Your answer:
Income growth – population growth
Income growth + population growth
Income growth x population growth
Income growth / population growth
Income / population


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If an economy’s population grows at 3 percent and income grows at 3 percent, then

Your answer:
Per capita income is negative
Human capital per capita is constant
Per capita income is declining
The economy’s standard of living is increasing
Per capita income is constant


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Most less-developed countries are characterized by

Your answer:
Unfertile proportion of the population under the age of 15
An extensive infrastructure
Low total productivity but high per capita productivity
A high proportion of the population under the age of 15
Inadequate manpower


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Which of the following is not a problem for less-developed countries?

Your answer:
Shortages of unskilled labor
Low labor productivity
Low life expectancy
Poor health and nutrition
Economic dualism


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Which of the following is not a characteristic of less-developed countries?

Your answer:
Low infant mortality rates
Low savings and investment rates
Low levels of technology
Predominately agricultural
high rates of illiteracy


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