34.The following table shows answers given by people interviewed in a governmentsurvey of households. Which individuals are considered to be a part of the laborforce?

(A) Chris and Kathy
(B) Bradley, Chris, and Kathy
(C) John, Chris, and Kathy
(D) John, Bradley, and Chris

35.Suppose country A is experiencing frictional unemployment of 1 percent, structuralunemployment of 3 percent and cyclical unemployment of 4 percent. What is thenatural unemployment rate?(A) 3 percent (B) 4 percent(C) 5 percent (D) 7 percent

36.In 2011, country A had a real GDP of $4.21 billion and a population of 2.98million. In 2012, real GDP was $4.59 billion and population was 2.97 million. Whatwas country A's economic growth rate from 2011 to 2012?(A) 0.38 percent (B) 9.0 percent(C) 3.8 percent (D) 8.3 percent

37.This year country A had a real GDP of $115 billion and the population was 0.9billion. Last year real GDP was 105 billion and the population was 0.85 billion.Country A's growth rate of real GDP per person is(A) 3.23 percent. (B) 5 percent.(C) 5.88 percent. (D) 9.52 percent.

38.Standard & Poor's forecast for country A's GDP growth rate was cut by 1 percentage.point to 5.5 percent as the entire Asia region feels the pressure of ongoingeconomic uncertainty. Country A has averaged 7 percent growth in GDP since 2007.Based on this story, it is most likely that the slowdown reflects a(A) temporary business cycle slowdown.(B) temporary business cycle expansion.(C) change to India's long-term economic growth rate.(D) shrinkage of India's economy.

39.Real GDP per person in country A is $10,000, and the growth rate is 10 percent ayear. Real GDP per person in country B is $20,000 and the growth rate is 5 percenta year. When will real GDP per person be greater in country A than in country B?(A) in 2 years (B) in 15 years(C) never (D) in 10 years

40.Country A is on its aggregate production function at point W in the followingfigure. The government of country A passes a law that makes 4 years of collegemandatory for all citizens. After all citizens have their education, the economy will (A) move to point such as Y. (B) remain at point W.(C) move to point such as X. (D) move to point such as Z.

41.In August 2017, BBB Bank has $83 million in loans and $114 million in M1 deposits.If BBB Bank is holding $4 million in reserves, the bank's reserve ratio is(A) $31 million. (B) 4.8 percent(C) 3.5 percent. (D) 72.8 percent.

42.The table below shows data (in millions) for BBB Bank in September 2017 andSeptember 2018. Suppose that the desired reserve ratio is 3 percent. The data show that BBB Bank ________ make more loans in 2017 and ________ makemore loans in 2018.(A) can; can (B) can; cannot(C) cannot; cannot (D) cannot; can

43.Between 2008 and 2009, country A’s real GDP decreased from $13.2 trillion to$12.9 trillion. As a result, the real demand for money ________ and the demand formoney curve ________.(A) decreased; shifted leftward (B) did not change; did not shift(C) increased; shifted leftward (D) decreased; shifted rightward.

44.The table below shows data for country A. Assuming the velocity of circulation did not change, real GDP(A) grew by 0.3 percent in 2008. (B) grew by -1.2 percent in 2009.(C) grew by 1.1 percent in 2008. (D) grew by 0.9 percent in 2009.

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