ECON 200 Final Exam Study Guide Questions And Verified Answers |Already Graded A+| Latest Update|University of Arizona

ECON 200 Final Exam Study Guide Questions And Verified Answers |Already Graded A+| Latest Update|University of Arizona Why is RGDP per capita typically used as the official statistic for estimating standard of living in a country? - Correct Answer Adjusted for inflation and population Which of the following is not an example of an intermediate good? - Correct Answer An oven bought by a homeowner. Which question is an illustration of a macroeconomic question? - Correct Answer How will the government's budget deficit be affected by public infrastructure projects? In November 2009, Marketopia Motors produced an automobile that was delivered to a local dealership in December 2009. The auto was then sold to Sharon Smith for personal use in February of 2010. Following national income accounting practices, this auto would be counted as part of ______. - Correct Answer investment in 2009 and negative investment in 2010. Answer the next question based on the following data. (These national income figures are in billion of dollars). Personal consumption expenditures --- $4,500 Consumption of fixed capital --- $150 Gross private domestic investment --- $800 Government purchases -