1|Page
2025 ASU ECON 211 FINAL EXAM WITH 400
ACCURATE QUESTIONS AND VERIFIED ANSWERS
COVERING PRINCIPLES OF MACROECONOMICS,
FISCAL POLICY, MONETARY SYSTEMS, AND
ECONOMIC INDICATORS.
What effect does an increase in interest rate have on the quantity of money
demanded? - CORRECT ANSWER✔✔ An increase in interest rate, increases
the cost of holding mean which then decreases the quantity of money
demanded.
Which of the following is included in GDP?
A. recreational marijuana purchased from a drug dealer by a college
student?
B. Recreational marijuana purchased and consumber by a man in his attic.
C. medical marijuana purchased from a government-run pharmacy by a
glaucoma patient.
D. All of the above - CORRECT ANSWER✔✔ C. medical marijuana purchased
from a government-run pharmacy by a glaucoma patient.
,2|Page
you know a candy bar cost five cents in 1962. You also know the CPI for
1962 and the CPI today. Which of the following would you use to compute
the price?
A. five cents * today's CPI- five cents * CPI in 1962
B.Five cents *(1962 CPI/ Today's CPI)
C. five cents * (Today's CPI/ 1962 CPI)
D. five cents * (today's CPI - 1962 CPI)/1962 CPI - CORRECT ANSWER✔✔ C.
five cents * (Today's CPI/ 1962 CPI)
Discouraged workers are included in...
A. Frictional Unemployment
B.The number of unemployed
C. the labor force
D. none of the above - CORRECT ANSWER✔✔ D. none of the above
when a country has a comparative advantage in producing a certain good,
A. The country should produce just enough of that good for its own
consumption.
B. the country should import that good.
C. The country's opportunity cost of that good is high relative to other
countries' opportunity costs of the same good.
,3|Page
D. None of the above - CORRECT ANSWER✔✔ D. None of the above
The unemployment rate is computed as the number of unemployed
A. times the labor-force participation rate, all times 100.
B. divided by the adult population, all times 100
C. divided by the number of employed, all times 100
D. Divided by the labor force, all times 100. - CORRECT ANSWER✔✔ C.
divided by the number of employed, all times 100
In the economy of Talikastan in 2015, exports were $500, GDP was $6400,
Government Purchases were $1700, Imports were $400, and investment
was $1800. What was Talikastan's consumption in 2015?
A. $2000
B. $3800
C. $2800
D. $3000 - CORRECT ANSWER✔✔ A. $2000
Sheri, a U.S. Citizen, works only in Germany. The value she adds to the
production in Germany is included..
A. in German GDP, but is not included in U.S. GDP
B. in U.S. GDP, but is not included in German GDP
, 4|Page
C. in both German GDP and U.S. GDP.
D. in neither German GDP nor U.S. GDP. - CORRECT ANSWER✔✔ A. in
German GDP, but is not included in U.S. GDP
Transfer payments are:
A. not included in GDP because they are not payments for currently
produced goods or services.
B. Included in GDP because they eventually will be spent on consumption.
C. Included in GDP because they represent income to individuals.
D. not included in GDP because taxes will have to be raised to pay for them.
- CORRECT ANSWER✔✔ A. not included in GDP because they are not
payments for currently produced goods or services.
Cyclical unemployment refers to
A. Changes in unemployment due to changes in natural rate of
unemployment.
B. The portion of unemployment created by job search.
C. The portion of unemployment created by wages set above the
equilibrium level.
2025 ASU ECON 211 FINAL EXAM WITH 400
ACCURATE QUESTIONS AND VERIFIED ANSWERS
COVERING PRINCIPLES OF MACROECONOMICS,
FISCAL POLICY, MONETARY SYSTEMS, AND
ECONOMIC INDICATORS.
What effect does an increase in interest rate have on the quantity of money
demanded? - CORRECT ANSWER✔✔ An increase in interest rate, increases
the cost of holding mean which then decreases the quantity of money
demanded.
Which of the following is included in GDP?
A. recreational marijuana purchased from a drug dealer by a college
student?
B. Recreational marijuana purchased and consumber by a man in his attic.
C. medical marijuana purchased from a government-run pharmacy by a
glaucoma patient.
D. All of the above - CORRECT ANSWER✔✔ C. medical marijuana purchased
from a government-run pharmacy by a glaucoma patient.
,2|Page
you know a candy bar cost five cents in 1962. You also know the CPI for
1962 and the CPI today. Which of the following would you use to compute
the price?
A. five cents * today's CPI- five cents * CPI in 1962
B.Five cents *(1962 CPI/ Today's CPI)
C. five cents * (Today's CPI/ 1962 CPI)
D. five cents * (today's CPI - 1962 CPI)/1962 CPI - CORRECT ANSWER✔✔ C.
five cents * (Today's CPI/ 1962 CPI)
Discouraged workers are included in...
A. Frictional Unemployment
B.The number of unemployed
C. the labor force
D. none of the above - CORRECT ANSWER✔✔ D. none of the above
when a country has a comparative advantage in producing a certain good,
A. The country should produce just enough of that good for its own
consumption.
B. the country should import that good.
C. The country's opportunity cost of that good is high relative to other
countries' opportunity costs of the same good.
,3|Page
D. None of the above - CORRECT ANSWER✔✔ D. None of the above
The unemployment rate is computed as the number of unemployed
A. times the labor-force participation rate, all times 100.
B. divided by the adult population, all times 100
C. divided by the number of employed, all times 100
D. Divided by the labor force, all times 100. - CORRECT ANSWER✔✔ C.
divided by the number of employed, all times 100
In the economy of Talikastan in 2015, exports were $500, GDP was $6400,
Government Purchases were $1700, Imports were $400, and investment
was $1800. What was Talikastan's consumption in 2015?
A. $2000
B. $3800
C. $2800
D. $3000 - CORRECT ANSWER✔✔ A. $2000
Sheri, a U.S. Citizen, works only in Germany. The value she adds to the
production in Germany is included..
A. in German GDP, but is not included in U.S. GDP
B. in U.S. GDP, but is not included in German GDP
, 4|Page
C. in both German GDP and U.S. GDP.
D. in neither German GDP nor U.S. GDP. - CORRECT ANSWER✔✔ A. in
German GDP, but is not included in U.S. GDP
Transfer payments are:
A. not included in GDP because they are not payments for currently
produced goods or services.
B. Included in GDP because they eventually will be spent on consumption.
C. Included in GDP because they represent income to individuals.
D. not included in GDP because taxes will have to be raised to pay for them.
- CORRECT ANSWER✔✔ A. not included in GDP because they are not
payments for currently produced goods or services.
Cyclical unemployment refers to
A. Changes in unemployment due to changes in natural rate of
unemployment.
B. The portion of unemployment created by job search.
C. The portion of unemployment created by wages set above the
equilibrium level.
