Question 1 1.67 pts Say a country's real per capita GDP was $1,000 a century ago while its GDP deflator was 10. Today, its real per capita GDP is $25,000 and the GDP deflator is 150. What would be the average annual growth rate of this economy? (($25,000/$1,000)^(1/100) -1)100 ((150/10)^(1/100) -1)100 (($25,000 - $1,000)/$25,000)100 ((150 - 10)/10)100 D Question 2 1.67 pts Which of the following is likely to have the smallest value in a country? O L/pop Y/pop C K/LD Question 3 1.67 pts What would you expect if technology improved in a country? O higher Y/L and higher Y/pop O higher Y/pop and higher L/pop O higher L/pop and higher Y/L D Question 4 1.67 pts Roughly, which year saw the most dramatic increase in the growth rate of real per capita GDP around the world? 1600 1800 2000 D Question 5 1.66 pts While China's growth over the last 40 years has been spectacular, the number of very poor people in China has not changed. true falseD Question 5 1.66 pts While China's growth over the last 40 years has been spectacular, the number of very poor people in China has not changed. true false D Question 6 1.66 pts Since the year 1800, real income per person rose in _ __ countries. O a few O many most