Econ 104 Final Exam

ECON 104 FINAL EXAM EXAM QUESTIONS WITH CORRECT VERIFIED ANSWERS | 100% PASS (A+ CERTIFIED) What part of fiscal policy is directly included in expenditures as measured by GDP? a. only taxes b. only government purchases c. both taxes and government purchases d. neither taxes nor government purchases Answer b. only government purchases Which of the following would be the best example of capital? a. a lawn mower owned by a household b. rubber purchased by a tire manufacturer c. a crane owned by a construction company d. Hola purchasing a paint machine for a car factory Answer c. a can owned by a construction company Can capital be an intermediate good? a. yes b. no Answer b. no If imports rose in the US, what would happen to total expenditures as measured by GDP? a. they would rise b. they would stay the same c. they would fall Answer b. they would stay the same What is the Fed likely to do at its next meeting? a. raise interest rates b. lower interest rates c. increase taxes d. lower taxes Answer b. lower interest rates Which of the following would be the best example of an intermediate good or service? a. gasoline purchased by a household b. a washing machine owned by a dry cleaning company c. cloth purchased by a furniture manufacturing company d. a soft drink produced by Pepsi Answer c. cloth purchased by a furniture manufacturing company The US government prints money when it spends more than it taxes. a. true b. false Answer b. false Which of the following would be the best example of a final good or service? a. a dinner made by a parent for their children b. UPS delivering a package to a family c. cotton purchased by a company that manufacturers cloth Answer b. UPS delivering a package to a family The current unemployment rate is about what percent? a. 4 b. 5 c. 6 d. 7 Answer