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Chapter 19: The Macroeconomic Perspective

Q. 7

Page 470

According to Table 19.7, how long has the average expansion lasted since the end of World War II?

Q 8

Page 470

Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?

Q 9.

Page 470

The Central African Republic has a GDP of 1,107,689 million CFA francs and a population of 4.862 million. The exchange rate is 284.681CFA francs per dollar. Calculate the GDP per capita of Central African Republic.

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