Question Details

The following data show Uruguayʹs GDP using purchasing power parity in billions of dollars



1) ʺGerman economic growth slowed ... Economic growth slowed to 0.3 percent from 0.5 percent.
Expansion was driven by exports... (and) household consumption added ...to growth. As
unemployment declines and disposable incomes increase, household spending may also gain
momentum.
www.bloomberg.com, August 23, 2007
We can conclude that the German economy
A) is at the peak of the business cycle.
B) has entered the expansion phase of the business cycle.
C) has slowed due to a decline in investment or government spending.
D) is in the recession phase of the business cycle.
2) The data show Argentinaʹs GDP (using purchasing power parity) in billions of dollars.
Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
GDP($) 182 209 235 255 277 274 294 324 340 333 338 330 300 333 373 420 470
The data show that
A) Argentinaʹs economy was in a recession from 2004 through 2006.
B) Argentinaʹs economy was in a recession in 2001 and 2002.
C) GDP per person more than doubled between 1990 and 2006.
D) Argentinaʹs economy reached a peak in 1996.
3) The data show Argentinaʹs GDP (using purchasing power parity) in billions of dollars.
Year 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
GDP($) 182 209 235 255 277 274 294 324 340 333 338 330 300 333 373 420 470
The data show that
A) Argentinaʹs economy reached a peak in 1998.
B) GDP per person increased between 1990 and 2006.
C) Argentinaʹs potential GDP doubled between 1990 and 2006.
D) Argentinaʹs economy entered a recession in 2000.
4) The following data show Uruguayʹs GDP using purchasing power parity in billions of dollars.
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP($) 26.1 25.8 23.3 24.3 27.9 30.1 33.9 37.2 40.2
Using the data, we can conclude that
A) Uruguayʹs economy reached a peak in 2000.
B) GDP per person in Uruguay almost doubled between 2000 and 2008.
C) potential GDP in Uruguay doubled between 2000 and 2008.
D) Uruguayʹs economy was entered a recession in 2008.
5) The following data show Uruguayʹs GDP using purchasing power parity in billions of dollars.
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP($) 26.1 25.8 23.3 24.3 27.9 30.1 33.9 37.2 40.2
Using the data, we can conclude that
A) the standard of living did not change in Uruguay between 2000 and 2008.
B) Uruguay entered a recession in 2001.
C) potential GDP decreased in 2001.
D) Uruguayʹs economy reached a peak in 2005.
6) The following data show Uruguayʹs GDP using purchasing power parity in billions of dollars.
Year 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP($) 26.1 25.8 23.3 24.3 27.9 30.1 33.9 37.2 40.2
Using the data, we can conclude that
A) Uruguayʹs economy entered a recession in 2005.
B) Uruguayʹs standard of living increased steadily between 2000 and 2008.
C) potential GDP more than doubled between 2000 and 2008.
D) Uruguayʹs economy reached a trough in 2002.




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