TAMU ECON 203 EXAM 2 ACTUAL EXAM
PAPER 2026 FULL QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED
◉ unemployment insurance. Answer: money paid by gov to people
who are unemployed
◉ workers rights. Answer: employers may be reluctant in hiring a
person if they know it will be difficult to get rid of them
◉ 1. Real GDP per capita growth rate= (percentages). Answer:
Nominal GDP Growth Rate- Inflation Rate- Population Growth Rate
◉ 1.Real GDP per capita= (years). Answer: Real GDP/Population
◉ 2. Real GDP per capita growth rate= (years). Answer: (current
Real GDP per cap. - previous real GDP per cap/previous real GDP per
cap)x100
◉ 2.Real GDP per capita= ($). Answer: base
year(1+(GR%/100))^(current year-base year)
◉ rule of 70=. Answer: 70/GR%
,◉ output per worker=. Answer: GDP per capita
◉ components of productivity. Answer: -physical capital
-human capital
-technological improvements
-natural resources
◉ physical capital. Answer: -stock of equipment and structures used
to produce goods and services
ex.
factories, machines, pipelines, cell phone towers
◉ as physical capital increases. Answer: workers become more
productive
◉ investments increase =>. Answer: physical capital increases
◉ savings increase =>. Answer: -investment increases
-economic growth
, ◉ domestic savings. Answer: savings for capital investment that
come from within a country
◉ domestic savings two sources. Answer: -households spend less
than they earn
-gov revenues exceed non capital expenditures
◉ non capital expenditure example. Answer: replacing components
on a machine that produce revenue
◉ income=. Answer: consumption+savings
◉ differences between developed and developing countries savings.
Answer: -developed countries tend to save less
-developing countries tend to save more
◉ government investment comes from. Answer: -tax revenue
-borrowing
◉ government industrial policies. Answer: support of industries that
can contribute the most to national growth
ex.
PAPER 2026 FULL QUESTIONS AND CORRECT
ANSWERS ALREADY PASSED
◉ unemployment insurance. Answer: money paid by gov to people
who are unemployed
◉ workers rights. Answer: employers may be reluctant in hiring a
person if they know it will be difficult to get rid of them
◉ 1. Real GDP per capita growth rate= (percentages). Answer:
Nominal GDP Growth Rate- Inflation Rate- Population Growth Rate
◉ 1.Real GDP per capita= (years). Answer: Real GDP/Population
◉ 2. Real GDP per capita growth rate= (years). Answer: (current
Real GDP per cap. - previous real GDP per cap/previous real GDP per
cap)x100
◉ 2.Real GDP per capita= ($). Answer: base
year(1+(GR%/100))^(current year-base year)
◉ rule of 70=. Answer: 70/GR%
,◉ output per worker=. Answer: GDP per capita
◉ components of productivity. Answer: -physical capital
-human capital
-technological improvements
-natural resources
◉ physical capital. Answer: -stock of equipment and structures used
to produce goods and services
ex.
factories, machines, pipelines, cell phone towers
◉ as physical capital increases. Answer: workers become more
productive
◉ investments increase =>. Answer: physical capital increases
◉ savings increase =>. Answer: -investment increases
-economic growth
, ◉ domestic savings. Answer: savings for capital investment that
come from within a country
◉ domestic savings two sources. Answer: -households spend less
than they earn
-gov revenues exceed non capital expenditures
◉ non capital expenditure example. Answer: replacing components
on a machine that produce revenue
◉ income=. Answer: consumption+savings
◉ differences between developed and developing countries savings.
Answer: -developed countries tend to save less
-developing countries tend to save more
◉ government investment comes from. Answer: -tax revenue
-borrowing
◉ government industrial policies. Answer: support of industries that
can contribute the most to national growth
ex.
