Home / My Courses / 2025 Fall 1 BADM 7200E for Faik Koray (Online) / Exam #1
Exam #1
Status Finished
Started Saturday, September 13, 2025, 8:24 AM
Completed Saturday, September 13, 2025, 9:40 AM
Duration 1 hour 15 mins
Points 36.00/40.00
Grade 90.00 out of 100.00
Question 1
Correct 1.00 points out of 1.00
The GDP Deflator is determined by computing _____.
Select one:
A. an average of prices of all goods and services
B. the price of a basket of goods and services that changes every year, relative to the same basket in a base year
C. the price of a fixed basket of goods and services, relative to the price of the same basket in a base year
D. nominal GDP relative to real GDP
E. nominal consumption to real consumption
The correct answer is: nominal GDP relative to real GDP
Question 2
Correct 1.00 points out of 1.00
Suppose the announced inflation rates are as follows for the selected countries: the United States = 4%;
Canada = 3%; and Mexico = 5%. Everything else held constant, we would expect the nominal value of the
United States dollar to ____ against the Canadian dollar and _____ against the Mexican peso.
Select one:
A. appreciate; appreciate
B. appreciate; depreciate
C. depreciate; depreciate
D. depreciate; appreciate
The correct answer is: depreciate; appreciate
,Question 3
Incorrect 0.00 points out of 1.00
An increase in skilled-labor productivity will increase the demand for skilled workers, while an acceleration
in the pace of educational advancement will _____ the supply of skilled workers. If both of these
phenomena happened at the same time, everything else held constant, we would expect the wages of
skilled workers to _____.
Select one:
A. increase; increase
B. increase; decrease
C. increase; either increase, decrease, or remain constant
D. decrease; increase
E. decrease; decrease
F. decrease; either increase, decrease, or remain constant
The correct answer is: increase; either increase, decrease, or remain constant
Question 4
Correct 1.00 points out of 1.00
Prior to the pandemic, which of the following factors is the biggest reason for the decline in the labor force
participation rate in the United States since 2007?
a. Retired workers.
b. Disabled workers.
c. Discouraged workers.
d. Not wanting a job for other reasons.
The correct answers are:
Retired workers.,
Not wanting a job for other reasons.
, Question 5
Correct 1.00 points out of 1.00
A lower, positive inflation rate occurs when _____.
Select one:
A. real GDP decreases.
B. the unemployment rate decreases.
C. prices fall.
D. prices increase at a slower rate.
E. prices increase at a faster rate
The correct answer is: prices increase at a slower rate.
Question 6
Correct 1.00 points out of 1.00
Wage rigidity is a cause of _____ unemployment.
Select one:
A. frictional
B. structural
C. cyclical
D. seasonal
The correct answer is: structural
Exam #1
Status Finished
Started Saturday, September 13, 2025, 8:24 AM
Completed Saturday, September 13, 2025, 9:40 AM
Duration 1 hour 15 mins
Points 36.00/40.00
Grade 90.00 out of 100.00
Question 1
Correct 1.00 points out of 1.00
The GDP Deflator is determined by computing _____.
Select one:
A. an average of prices of all goods and services
B. the price of a basket of goods and services that changes every year, relative to the same basket in a base year
C. the price of a fixed basket of goods and services, relative to the price of the same basket in a base year
D. nominal GDP relative to real GDP
E. nominal consumption to real consumption
The correct answer is: nominal GDP relative to real GDP
Question 2
Correct 1.00 points out of 1.00
Suppose the announced inflation rates are as follows for the selected countries: the United States = 4%;
Canada = 3%; and Mexico = 5%. Everything else held constant, we would expect the nominal value of the
United States dollar to ____ against the Canadian dollar and _____ against the Mexican peso.
Select one:
A. appreciate; appreciate
B. appreciate; depreciate
C. depreciate; depreciate
D. depreciate; appreciate
The correct answer is: depreciate; appreciate
,Question 3
Incorrect 0.00 points out of 1.00
An increase in skilled-labor productivity will increase the demand for skilled workers, while an acceleration
in the pace of educational advancement will _____ the supply of skilled workers. If both of these
phenomena happened at the same time, everything else held constant, we would expect the wages of
skilled workers to _____.
Select one:
A. increase; increase
B. increase; decrease
C. increase; either increase, decrease, or remain constant
D. decrease; increase
E. decrease; decrease
F. decrease; either increase, decrease, or remain constant
The correct answer is: increase; either increase, decrease, or remain constant
Question 4
Correct 1.00 points out of 1.00
Prior to the pandemic, which of the following factors is the biggest reason for the decline in the labor force
participation rate in the United States since 2007?
a. Retired workers.
b. Disabled workers.
c. Discouraged workers.
d. Not wanting a job for other reasons.
The correct answers are:
Retired workers.,
Not wanting a job for other reasons.
, Question 5
Correct 1.00 points out of 1.00
A lower, positive inflation rate occurs when _____.
Select one:
A. real GDP decreases.
B. the unemployment rate decreases.
C. prices fall.
D. prices increase at a slower rate.
E. prices increase at a faster rate
The correct answer is: prices increase at a slower rate.
Question 6
Correct 1.00 points out of 1.00
Wage rigidity is a cause of _____ unemployment.
Select one:
A. frictional
B. structural
C. cyclical
D. seasonal
The correct answer is: structural
