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ECO4223 Final Exam Review With Questions And 100% ALL DETAILED CORRECT ANSWERS $11.49   Add to cart

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ECO4223 Final Exam Review With Questions And 100% ALL DETAILED CORRECT ANSWERS

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  • Course
  • MACROECONOMICS
  • Institution
  • MACROECONOMICS

ECO4223 Final Exam Review With Questions And 100% ALL DETAILED CORRECT ANSWERS

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  • October 4, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MACROECONOMICS
  • MACROECONOMICS
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ECO4223 Final Exam Review With Questions And 100% ALL DETAILED CORRECT ANSWERS

Terms in this set (80)


Which of the following contributes to GDP? D) Value of all final goods and services.
A) The sales price of homes built 30 years ago.
B) Intermediate goods, which are used to
produce final goods.
C) Both A and B
D) Value of all final goods and services.

Which of the following is true regarding GDP? A) GDP does not include intermediate goods, which are used to produce other final goods.
A) GDP does not include intermediate goods, (Example: Tires used to make a car)
which are used to produce other final goods.
(Example: Tires used to make a car)
B) GDP includes the purchases of goods and
services in the past.
C) None of the above are true.
D) GDP includes the purchases of stocks and
bonds.




ECO4223 Final Exam Review




1/19

,If the CPI in 2004 is 200, and in 2005 the CPI is D) -10%
180, the rate of inflation from 2004 to 2005 is
A) 20%.
B) 10%.
C) 0%.
D) -10%.

If the Nominal GDP in 2001 is $9 trillion, and 2001 B) 150
real GDP in 1996 price is $6 trillion, the GDP
deflator price index is
A) 200
B) 150
C) 7
D) 100

If the CPI is 120 in 1996 and 180 in 2002, then D) 50%
between 1996 and 2002, prices have increased
by
A) 180%.
B) 80%.
C) 60%.
D) 50%.

What is the inflation rate if the GDP deflator in A) 2.68%
2012 was 112, and the GDP deflator in 2013 was
115?
A) 2.68%
B) 0.72%
C) 3.42%
D) 1.70%

What is the nominal GDP in 2010, if real GDP in D) $12.96 billion
2009 was $12 billion and the GDP deflator is 108?
A) $10.24 billion
B) $9.0 billion
C) $8.48 billion
D) $12.96 billion




ECO4223 Final Exam Review

2/19

, If the expected inflation decreases, the real cost B) Rises, shifts to the left
of borrowing _________ and the supply of bonds
decreases causing the supply curve to shift
____________.
A) Falls, shifts to the right
B) Rises, shifts to the left
C) Rises, shifts to the right
D) Falls, shifts to the left

If the nominal rate of interest is 2 percent, and C) 12%
the expected inflation rate is -10 percent, the
real rate of interest is
A) 2%
B) 8%
C) 12%
D) 10%

If you expect the inflation rate to be 12% and a 1- C) -5%
year bond has a yield to maturity of 7%, then the
real interest rate on this bond is
A) 12%
B) 2%
C) -5%
D) -2%

If you expect the inflation rate to be 15% next C) -8%
year and a 1-year bond has a yield to maturity of
7%, then the real interest rate on this bond is
A) 22%
B) -15%
C) -8%
D) 7%

We have an expert-written solution to this problem!



A zero coupon bond pays annual interest and D) $777.32
has a future value of $1,000, matures in 4 years
and has a yield to maturity of 6.5%. What is the
present value of this bond?
A) $902.65
B) $833.24
C) $1,072.33
D) $777.32
ECO4223 Final Exam Review

3/19

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