Question 1

Which is most accurate about those who were in the bottom fifth of the income distribution in 1977?

Accepted Answer

A)  In 2009, about 85% of them were still in the bottom fifth of the income distribution. 
B)  In 2009, about 50% were still in the bottom fifth of the income distribution. 
C)  In 2009, about 25% were in the bottom fifth and another 25% were in the second poorest group. 
D)  In 2009, about 14% were in the middle fifth and another 9% were in the second richest group. 
A)  In 2009, about 85% of them were still in the bottom fifth of the income distribution. 
B)  In 2009, about 50% were still in the bottom fifth of the income distribution. 
C)  In 2009, about 25% were in the bottom fifth and another 25% were in the second poorest group. 
D)  In 2009, about 14% were in the middle fifth and another 9% were in the second richest group. D

Question 2

Which of the following most accurately describes changes in life expectancy?

Accepted Answer

A)  Life expectancy was relatively low until 1750, when it increased extremely rapidly. 
B)  Life expectancy has increased steadily during the past 6,000 years. 
C)  Life expectancy was low until after World War II, when it increased very quickly. 
D)  Life expectancy has exhibited significant cyclical patterns of growth and decline. 
A)  Life expectancy was relatively low until 1750, when it increased extremely rapidly. 
B)  Life expectancy has increased steadily during the past 6,000 years. 
C)  Life expectancy was low until after World War II, when it increased very quickly. 
D)  Life expectancy has exhibited significant cyclical patterns of growth and decline. A

Question 3

Which of the following most accurately describes world population growth?

Accepted Answer

A)  World population has increased steadily during the past 6,000 years. 
B)  World population has exhibited significant cyclical patterns of growth and decline. 
C)  World population was relatively small until 1750, when it increased extremely rapidly. 
D)  World population was small until after World War II, when it increased very quickly. 
A)  World population has increased steadily during the past 6,000 years. 
B)  World population has exhibited significant cyclical patterns of growth and decline. 
C)  World population was relatively small until 1750, when it increased extremely rapidly. 
D)  World population was small until after World War II, when it increased very quickly. C

Question 4

Why was the upgrade of the diplomats of the leading European powers from ministers to ambassadors in Washington D.C. in 1892 somewhat belated?

Accepted Answer

A)  The United States already held a trade surplus with Europe in 1877. 
B)  By that time, U.S. output per capita was already only a little below that of Great Britain. 
C)  The United States had already joined the Western Alliance of Britain and France as a major military power. 
A)  The United States already held a trade surplus with Europe in 1877. 
B)  By that time, U.S. output per capita was already only a little below that of Great Britain. 
C)  The United States had already joined the Western Alliance of Britain and France as a major military power.

Question 5

Which is true about present day Americans who are at the official poverty level?

Accepted Answer

A)  Their incomes are about the same as the average world income. 
B)  Their incomes are about half of the average world income. 
C)  Their incomes are above the world average per capita income. 
D)  Their incomes are about the average income of people in nations like China, India and Pakistan. 
A)  Their incomes are about the same as the average world income. 
B)  Their incomes are about half of the average world income. 
C)  Their incomes are above the world average per capita income. 
D)  Their incomes are about the average income of people in nations like China, India and Pakistan.

Question 6

Nobel laureate Robert Fogel contends that which of the following are good proxies for current levels of nutrition?

Accepted Answer

A)  Changes in height during the growing years 
B)  Total height 
C)  Total weight 
D)  Changes in weight during the growing years 
A)  Changes in height during the growing years 
B)  Total height 
C)  Total weight 
D)  Changes in weight during the growing years

Question 7

Per capita GDP in the US between 1900 and 2011 _____.

Accepted Answer

A)  has remained about the same. 
B)  increased until about 1970 and decreased since then. 
C)  was cyclical, but generally trending upward throughout the century. 
D)  grew very quickly for the first half of the century and grew at a much lower rate in the second half of the century. 
A)  has remained about the same. 
B)  increased until about 1970 and decreased since then. 
C)  was cyclical, but generally trending upward throughout the century. 
D)  grew very quickly for the first half of the century and grew at a much lower rate in the second half of the century.

Question 8

Which of the following is most accurate about ownership of household goods, such as flush toilets, refrigerators, televisions, clothes dryers and automobiles?

Accepted Answer

A)  Very few Americans at the poverty level in 2005 own these goods. 
B)  Americans at the poverty level in 2005 own these goods at about the same rate as average households in 1950. 
C)  Americans at the poverty level in 2005 own these goods at higher rates than average households in 1950. 
D)  Americans at the poverty level in 2005 own these goods at about half the rate as average households in 1950. 
A)  Very few Americans at the poverty level in 2005 own these goods. 
B)  Americans at the poverty level in 2005 own these goods at about the same rate as average households in 1950. 
C)  Americans at the poverty level in 2005 own these goods at higher rates than average households in 1950. 
D)  Americans at the poverty level in 2005 own these goods at about half the rate as average households in 1950.

Question 9

Which of the following was the most likely wealth status of the children of both the richest and the poorest quintile of parents (measured in 1977)?

Accepted Answer

A)  They will remain in the richest or  poorest quintile, respectively. 
B)  They will move up in wealth. 
C)  They will drop in wealth. 
D)  The poor will move to the higher quintile in wealth, whereas the richtest will drop to the second wealthiest quintile. 
A)  They will remain in the richest or  poorest quintile, respectively. 
B)  They will move up in wealth. 
C)  They will drop in wealth. 
D)  The poor will move to the higher quintile in wealth, whereas the richtest will drop to the second wealthiest quintile.

Question 10

Which is true about present day Americans who are at the official poverty level?

Accepted Answer

A)  Their incomes are about the same as those at the poverty level in 1950. 
B)  Their incomes are higher than all but the richest Americans in 1900. 
C)  Their incomes are about the same as those at the poverty level in 1900. 
D)  Their incomes are about the same as those in the middle class in 1950. 
A)  Their incomes are about the same as those at the poverty level in 1950. 
B)  Their incomes are higher than all but the richest Americans in 1900. 
C)  Their incomes are about the same as those at the poverty level in 1900. 
D)  Their incomes are about the same as those in the middle class in 1950.

Which is most accurate about those who were in the bottom fifth of the income distribution in 1977?

Which of the following most accurately describes changes in life expectancy?

Which of the following most accurately describes world population growth?

Why was the upgrade of the diplomats of the leading European powers from ministers to ambassadors in Washington D.C. in 1892 somewhat belated?

Which is true about present day Americans who are at the official poverty level?

Nobel laureate Robert Fogel contends that which of the following are good proxies for current levels of nutrition?

Per capita GDP in the US between 1900 and 2011 _____.

Which of the following is most accurate about ownership of household goods, such as flush toilets, refrigerators, televisions, clothes dryers and automobiles?

Which of the following was the most likely wealth status of the children of both the richest and the poorest quintile of parents (measured in 1977)?

Which is true about present day Americans who are at the official poverty level?

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Economic Progress and Wealth

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Westward Movements

Transportation and Market Growth

Market Expansion and Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery, and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum Era

Commerce at Home and Abroad

World War I, 1914-1918

The Roaring Twenties

The Great Depression

The New Deal

World War Ii

The Changing Role of the Federal Government

The Changing Role of the Federal Government: Consumer Safety, Agriculture, the Environment, and Housing

Monetary Policy, Fiscal Policy, and the Business Cycle After World War Ii

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters

Exam 1: Growth, Welfare, and the American Economy

Which is most accurate about those who were in the bottom fifth of the income distribution in 1977?

Which of the following most accurately describes changes in life expectancy?

Which of the following most accurately describes world population growth?

Why was the upgrade of the diplomats of the leading European powers from ministers to ambassadors in Washington D.C. in 1892 somewhat belated?

Which is true about present day Americans who are at the official poverty level?

Nobel laureate Robert Fogel contends that which of the following are good proxies for current levels of nutrition?

Per capita GDP in the US between 1900 and 2011 _____.

Which of the following is most accurate about ownership of household goods, such as flush toilets, refrigerators, televisions, clothes dryers and automobiles?

Which of the following was the most likely wealth status of the children of both the richest and the poorest quintile of parents (measured in 1977)?

Which is true about present day Americans who are at the official poverty level?

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Economic Progress and Wealth

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Westward Movements

Transportation and Market Growth

Market Expansion and Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery, and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum Era

Commerce at Home and Abroad

World War I, 1914-1918

The Roaring Twenties

The Great Depression

The New Deal

World War Ii

The Changing Role of the Federal Government

The Changing Role of the Federal Government: Consumer Safety, Agriculture, the Environment, and Housing

Monetary Policy, Fiscal Policy, and the Business Cycle After World War Ii

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters