(Table 1: GDP Measures for Countries A, B, C, and D

question 90

Multiple Choice

(Table 1: GDP Measures for Countries A, B, C, and D, 2008 to 2018) Table 1 provides data on various statistics related to GDP for four countries. Which country had the highest growth rate in living standards over the decade?
$\begin{array}{l}\text { Table 1: GDP Measures for Countries A, B, C, and D, } 2008 \text { to } 2018\\\begin{array}{|l|c|c|c|c|}\hline & \text { Country A } & \text { Country B } & \text { Country C } & \text { Country D } \\\hline \begin{array}{l}\text { Average annual GDP growth } \\\text { rate }\end{array} & 4 \% & 3 \% & 7 \% & 5 \% \\\hline \begin{array}{l}\text { Average annual real GDP } \\\text { growth rate }\end{array} & 3 \% & 1 \% & 3 \% & 4 \% \\\hline \begin{array}{l}\text { Average annual growth rate of } \\\text { GDP per capita }\end{array} & 3 \% & 2 \% & 5 \% & 4 \% \\\hline \begin{array}{l}\text { Average annual growth rate of } \\\text { real GDP per capita }\end{array} & 2 \% & 0 \% & 1 \% & 3 \% \\\hline \text { GDP 2018 } & \$ 1.4 \text { trillion } & \$ 6.4 \text { trillion } & \$ 7.2 \text { trillion } & \$ 3.3 \text { trillion } \\\hline\end{array}\end{array}$

• A) A
• B) B
• C) C
• D) D

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Definitions:

Soviet Union

A socialist state that spanned much of Europe and Asia from 1922 until its dissolution in 1991.

Emergency Banking Act

A law passed in 1933 during the Great Depression that aimed to stabilize the banking sector, restore public confidence, and prevent the failure of banks.

Roosevelt's Inauguration

The ceremony marking the beginning of Franklin D. Roosevelt's presidency, notable for his speech declaring the only thing to fear is "fear itself" during the Great Depression.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold, ensuring stable prices and exchange rates.