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Macro Economy Today 13th Edition Schiller Test Bank
Macro Economy Today 13th Edition Schiller Test Bank
Macro Economy Today 13th Edition Schiller Test Bank
Chapter 02
1. Approximately how much of the world's output does the United States produce?
A. 4 percent.
B. 20 percent.
C. 30 percent.
D. 1.5 percent.
2. The United States has roughly how much of the world's population?
A. 5 percent.
B. 10 percent.
C. 15 percent.
D. 20 percent.
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3. The United States has roughly how much of the world's arable land?
A. 14 percent.
B. 12 percent.
C. 10 percent.
D. 8 percent.
A. The sum of the physical amounts of goods and services in the economy.
5. The measure of final new goods and services produced in the United States is the
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
6. Approximately how much of the world's output does China produce?
A. 13 percent.
B. 0 percent.
C. 9 percent.
D. 1.5 percent.
A. 10 percent.
B. 20 percent.
C. 30 percent.
D. 40 percent.
8. Which of the following countries (or regions) produces the most output annually?
A. Japan.
B. United States.
C. China.
D. Germany.
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
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