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PSY 200 Exam 1 Questions and Answers 100% Solved

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PSY 200 Exam 1 Questions and Answers 100% Solved developmental psychology - a branch of psychology that studies physical, cognitive, and social change throughout the life span (from womb to tomb) prenatal development - The baby's development during a pregnancy infancy - from birth to 2 years ...

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  • October 22, 2024
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PSU Econ 104 Final Exam Questions

with 100% Correct Answers


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 shuts down during a recession.

4. None of these are microeconomic issues. - ✔✔1, 2, and 3

True or false: Macroeconomics is the study of the economy as a whole

which includes topics such as unemployment, inflation, and overall

production. - ✔✔True

True or false: Microeconomics is the study of the economy as a whole

which includes topics such as unemployment, inflation, and overall

production - ✔✔False

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

The inflation rate for a given year is measured by taking the: -

✔✔Percentage change in the price level from the previous year

True or false: The official unemployment rate will never reach 0%. -

✔✔True

During a recessionary period, the unemployment rate __________ and the

total output and production __________. - ✔✔rises; falls

Which of the following is not one of the three main areas of

macroeconomics mentioned in this lesson?

Output and Production

Employment

Prices

Taxes - ✔✔Taxes

The Central Bank of the United States targets a __________ inflation rate.

- ✔✔2%

True or false: The Federal Reserve Economic Database (FRED) began in

the early 1990s. - ✔✔True

Which of the following can be done using the Federal Reserve Economic

Database (FRED)?

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

Download economic data into a spreadsheet format

All of these are correct

Change economic data to represent percentage change over time

Access the source of where the economic data originated

View economic data graphically - ✔✔All of these are correct

An intermediate good is a good that: - ✔✔A good used in production of a

final good or service

Which of the folowing would be included in the United States GDP in 2019?

- ✔✔A pair of jeans produced in the United States in 2019

The purchase of a new house would be counted under which component of

GDP? - ✔✔Investment

Which of the following component of GDP can be negative?

consumption

investment

net exports

None of these can be a negative number

government purchases - ✔✔Net exports

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

Consumption is the __________ component of GDP in the United States. -

✔✔largest

Which of the following is a reason why GDP is not the perfect measure of

production?

it does not include levels of pollution

it does not include health measures

it does not include household production

it does not include levels of inequality

all of these are reasons why the GDP is not a perfect measure of

production - ✔✔it does not include household production

Which of the following is a reason why GDP is not the perfect measure of

well-being in a society?

it does not include the level of income inequality

it does not include the amount of leisure time people have on average

it does not include the level of pollution in society

all of these are reasons why GDP is not a perfect measure of economic

well-being

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