Multiple choice questions
1 What is the most popular measure of the difference in living standards
between countries?
A Average price level
B Real gross domestic product per head
C The size of the population
D The value of the currency
2 What is most likely to cause an increase in a country’s standard of
living?
A A fall in the school leaving age
B A fall in the size of the labour force
C A rise in the level of pollution
D A rise in the number of doctors per head of the population
3 Under which circumstance would the standard of living of a country be
most likely to fall?
A A fall of 3% in real GDP and a fall of 6% in population
B No change in real GDP and a fall of 3% in population
C A rise of 2% in real GDP and no change in population
D A rise of 5% in real GDP and a rise of 8% in population
4 In what circumstance would a fall in working hours be most likely to
increase the standard of living?
A The average income falls
B The level of output remains unchanged
C The rate of unemployment rises
D The standard of working conditions falls