Econ 104 final exam - Study guides, Class notes & Summaries
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PSU Econ 104 Final Exam Questions and Answers 100% Correct
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PSU Econ 104 Final Exam Questions 
and Answers 100% Correct 
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 e...
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Econ 104 Final Exam Questions And Answers (Verified And Updated)
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in current year/ market basket price in base 
year)*100 
Limitations of GDP - answer1. Doesn't account for change in quality. 
2. Doesn't account for underground economy. 
3. Doesn't account for 'bads' of economy 
4. Doesn't account for non-market production 
Limitations of CPI - answerSubstitution bias, increase in quality bias, new product bias, 
outlet bias. 
Core Inflation - answerignores food/energy, as they can be more volatile 
Headline inflation - answertakes food and energy in to ...
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PSU Econ 104 Final Exam – Brown University Questions with Correct Answers 100% Verified
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PSU Econ 104 Final Exam – Brown 
University Questions with Correct 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 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, Bank A's reserves immediately 
increase by: 
A. $2,000 
B. $8,000 
C. $ 10,000 
D. $50,000 C. $10,000 
This is how much mon...
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Econ 104 Final Exam Study Guide 100% Complete
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Econ 104 Final Exam Study Guide 100% Complete
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PSU Econ 104 Final Exam Questions And Answers 100% Verified
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PSU Econ 104 Final Exam Questions And 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 - answerB. 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, Bank A's reserves immediately 
increase by: 
A. $2,000 
B. $8,000 
C. $ 10,000 
D. $50,000 - answerC. $10,000 
This is how much money she puts in the...
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ECON 104 GOFFE FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
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ECON 104 GOFFE FINAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS!!
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PSU Econ 104 Final Exam – Brown University Questions with Correct Answers 100% Verified
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PSU Econ 104 Final Exam – Brown 
University Questions with Correct 
Answers 100% Verified 
If the required reserve ration is 20%, the simple deposit multiplier is _______ 
A. 2 
B. 5 
C. 10 
D. 20 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, Bank A's reserves immediately 
increase by: 
A. $2,000 
B. $8,000 
C. $ 10,000 
D. $50,000 C. $10,000 
This is how much mon...
-
Econ 104 Final Exam Questions And Answers (Verified And Updated)
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Econ 104 Final Exam Questions And 
Answers (Verified And Updated) 
Nominal GDP - answerthe value of final goods and services evaluated at current-year prices 
How to calculate nominal GDP - answerC + I + G +NX 
Real GDP - answerThe value of final goods and services evaluated at base-year prices 
How to calculate real GDP - answerP*Q for every good in GDP and add them all together 
BASE YEAR 
2014 - 100M visits at $50 each 2015 - 103M visits at $53 
10M cars at $20,000 each 11M cars at $20,500 ea...
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Econ 101 Final Exam 104 QUESTIONS AND ANSWERS GRADED A LATEST VERSION
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Econ 101 Final Exam 104 QUESTIONS 
AND ANSWERS GRADED A LATEST 
VERSION 
In a competitive market, excess demand for a good exists whenever....? 
a. resources are scarce 
b. the current price is below the equilibrium price 
c. the current price is above the equilibrium price 
d. sellers are subject to the constraints imposed by input prices and technology e. the 
quantity supplied at the current price exceeds the quantity demanded - CORRECT 
ANSWERS b. the current price is below the equilibr...
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ECON 104 Bille Goffe Final Exam Questions Reviewed And Revised With Correct Answers
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ECON 104 Bille Goffe Final Exam 
Questions Reviewed And Revised 
With Correct Answers 
1) Which of the following compares prices in one year to prices 
in a base year (or period)? -real GDP and the GDP deflator -nominal GDP and real GDP -the CPI and nominal GDP -the GDP deflator and the CPI - ANSWER 
and the CPI 
the GDP deflator 
2) How much did your real wage grow if your nominal wage 
grew by 5% and the CPI grew by 2%? -5% -2% -7% -3% - ANSWER 
3% 
3) Which tracks the LEAST ...
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