BADM 7200 Exam 1 Review Questions and Correct Answers Latest
2026/27 Update– LSU
Exam #1
Status Finished
Started Saturday, September 1 3, 2026, 8:24 AM
Completed Saturday, September 1 3, 2026, 9:40 AM
Duration 1 hour 1 5 mins
Points 36.00/40.00
Grade 90.00 out of 1 00.00
Question 1
Correct 1 .00 points out of 1 .00
The GDP Deflator is determined by computing .
Select one:
an average of prices of all goods and services
the price of a basket of goods and services that changes every year, relative to the same basket in a base year
the price of a fixed basket of goods and services, relative to the price of the same basket in a base year
nominal GDP relative to real GDP
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%;
United States dollar to against the Canadian dollar and against the Mexican peso.
Select one:
appreciate; appreciate
appreciate; depreciate
depreciate; depreciate
depreciate; appreciate
The correct answer is: depreciate; appreciate
BADM 7200 Exam 1
, 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?
Retired workers.
Disabled workers.
Discouraged workers.
Not wanting a job for other reasons.
The correct answers are:
Retired workers.,
Not wanting a job for other reasons.
BADM 7200 Exam 1
, Question 5
Correct 1 .00 points out of 1 .00
A lower, positive inflation rate occurs when .
Select one:
real GDP decreases.
the unemployment rate decreases.
prices fall.
prices increase at a slower rate.
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
unemployment.
Select one:
structural
seasonal
The correct answer is: structural
BADM 7200 Exam 1
2026/27 Update– LSU
Exam #1
Status Finished
Started Saturday, September 1 3, 2026, 8:24 AM
Completed Saturday, September 1 3, 2026, 9:40 AM
Duration 1 hour 1 5 mins
Points 36.00/40.00
Grade 90.00 out of 1 00.00
Question 1
Correct 1 .00 points out of 1 .00
The GDP Deflator is determined by computing .
Select one:
an average of prices of all goods and services
the price of a basket of goods and services that changes every year, relative to the same basket in a base year
the price of a fixed basket of goods and services, relative to the price of the same basket in a base year
nominal GDP relative to real GDP
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%;
United States dollar to against the Canadian dollar and against the Mexican peso.
Select one:
appreciate; appreciate
appreciate; depreciate
depreciate; depreciate
depreciate; appreciate
The correct answer is: depreciate; appreciate
BADM 7200 Exam 1
, 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?
Retired workers.
Disabled workers.
Discouraged workers.
Not wanting a job for other reasons.
The correct answers are:
Retired workers.,
Not wanting a job for other reasons.
BADM 7200 Exam 1
, Question 5
Correct 1 .00 points out of 1 .00
A lower, positive inflation rate occurs when .
Select one:
real GDP decreases.
the unemployment rate decreases.
prices fall.
prices increase at a slower rate.
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
unemployment.
Select one:
structural
seasonal
The correct answer is: structural
BADM 7200 Exam 1
