Intermediate Macroeconomics
180
1 курс
📅 10 мая 2024
👀 79
1
The most recent financial crisis started in2
The standard of living typically refers to3
Inflation represents4
Economists have suggested that the relatively higher unemployment in Europe has been caused by which of the following?5
At what point could the Euro be used as currency?6
How many countries are in the European Union?7
How many countries are in the Euro area?8
Most economists believe that the source of European high unemployment in the past two decades is9
Which of the following explains the relatively high growth rate of output in China since 1980?10
Fill in the blank for the following: GDP is the value of all ________ produced in a given period.11
When using the income approach to measure GDP, the largest share of GDP generally consists of12
Suppose nominal GDP increased in a given year. Based on this information, we know with certainty that13
Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to14
In a given year, suppose a company spends $100 million on intermediate goods and $200 million on wages, with no other expenses. Also assume that its total sales are $800 million. The value added by this company equals15
A firm's value added equals16
Deflation generally occurs when which of the following occurs?17
During the late 1990s, Japan experienced reductions in the GDP deflator. Given this information, we know with certainty that18
GDP in current dollars is equivalent to which of the following?19
Which of the following represents real GDP?20
Suppose you are provided with the following data for your country for a particular month: 200 million people are working, 20 million are not working but are looking for work, and 40 million are not working and have given up looking for work. The official unemployment rate for that month is