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Nominal GDP correct answers the value of final goods and services evaluated at current-year prices How to calculate nominal GDP correct answers C + I + G +NX Real GDP correct answers The value of final goods and services evaluated at base-year prices How to calculate real GDP correct answer...

Economic growth in the 2nd quarter of this year was about_____. a. 1% b. 2% c. 3% d. 4% correct answers 4% How does capital show up in GDP? a. as something owned by households b. as something owned by firms c. as something purchased by households d. as something produced by firms corr...

What is Macroeconomics correct answers The study of the economy as a whole including topics such as inflation unemployment and economic growth What is the current unemployment rate correct answers 4.1% What are the 3 economic ideas about how people make choices in the market correct answers 1 ...

In economics the pleasure, happiness, or satisfaction received from a product are called __________. correct answers Utility An __________ ___________ is the cost associated with the alternative that was sacrificed to do or acquire something else. It is the cost associated with the foregone oppor...

Scarcity correct answers Although your wants are unlimited, the resources available to fulfill those wants are limited Economics correct answers Study of the choices consumers, business mangers and government officials make to attain their goals, given their scarce resources Economics Model co...

What is GDP? correct answers Measures all production or all expenditures or all income in an economy Capital (K) correct answers manufactured goods owned by firms to produce other goods and services (Capital goods generally last for years and can be used many times) Investment (I) correct ...

federal expenditures correct answers $4008 billion (21%) GDP federal taxes correct answers $3315 billion (17.3% GDP) deficit correct answers $693 billion (3.7% GDP) federal debt correct answers 14.6 trillion (77% GDP) interest payments on the federal debt correct answers $269 billion (1....

Say a bank has $200M in loans, $10M in reserves, and $200M in c. deposits. Also, the required reserve ratio is 5%. This back ____ bankrupt and it _____ have sufficient reserves to meet its reserve requirement a. is, does b. is , does not c. is not, does d. is not, does not correct answers is n...

GDP correct answers the market value of all FINAL goods and services produced in a country during a period of time. GDP equation correct answers GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption correct answers expenditures made by households (excluding ...

Scarcity correct answers Limited quantities of resources to meet unlimited wants Economics correct answers The study of the choices people make to attain their goals, given their scarce resources oppurtunity cost correct answers The highest-valued, next best alternative that must be sacrificed...

Technological advances generally result in correct answers increased life expectancy The total amount of physical capital available in a country is known as the country's correct answers capital stock The quantity of goods and services that can be produced by one worker or by one hour of work...

Which of the following is not one of the three main reasons for the inverse relationship between AE and price level? The price-level effect The interest-rate effect The wealth effect The international-trade effect correct answers The price-level effect Holding all else constant, a decrease i...

If the required reserve ration is 20%, the simple deposit multiplier is _______ A. 2 B. 5 C. 10 D. 20 correct answers B. 5 1/.2 = 5 Imagine that Kristy deposits $10,000 of currency into her checking account deposit at Bank A and the reserve ratio is 20%. As a result of Kristy's deposit, B...

Which of the following would be an example of a microeconomic issue? Select all that apply. 1. The federal government of Sweden offers tax credits for individuals to put solar paneling on their homes. 2. Sandra takes out a loan to invest in a new business opportunity. 3. A local sandwich shop shu...