Page |1
ECON 200 UOFA FINAL EXAM VERSION 2 NEWEST
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
If a jobless person who had given up searching suddenly
resumed active search for paying jobs—but had not yet found
any—the unemployment rate would:
(a) Rise
(b) Fall
(c) Stay the same
(d) More information is needed - ANSWER-(a) Rise
(a) If the number of discouraged workers increases, what
happens to the labor force participation rate? - ANSWER-Drops
(fewer workers either employed or unemployed)
, Page |2
(a) If the number of discouraged workers increases, what
happens to the unemployment rate? - ANSWER-Drops (these
people are no longer counted as unemployed)
Suppose the relevant population (non-institutionalized, at least
age 16) of Sierra Vista, AZ is 6,000. Of this population, 3,000 are
employed, 1,000 have never worked and are not looking for work,
1,000 are not working and are looking for work, and 1,000 have
retired.
(a) What is the size of the labor force in Sierra Vista? - ANSWER-
4000
) Suppose the relevant population (non-institutionalized, at least
age 16) of Sierra Vista, AZ is 6,000. Of this population, 3,000 are
employed, 1,000 have never worked and are not looking for work,
1,000 are not working and are looking for work, and 1,000 have
retired.
(b) What is the unemployment rate in Sierra Vista? - ANSWER-
1,,000 = 25%
, Page |3
Suppose the relevant population (non-institutionalized, at least
age 16) of Sierra Vista, AZ is 6,000. Of this population, 3,000 are
employed, 1,000 have never worked and are not looking for work,
1,000 are not working and are looking for work, and 1,000 have
retired
(c) What is Sierra Vista's labor force participation rate? -
ANSWER-4,,000 = 66.67%
Suppose that in 2014, Nogales Nation has a CPI of 200. In 2015,
the CPI rises to 210. Calculate the inflation rate in Nogales Nation
between 2014 and 2015. - ANSWER-(210 - 200) / 200 x 100 =
5%
One of the problems in measuring inflation over time is that:
(a) prices tend to fall from year to year.
(b) changes in consumption patterns and innovations make
comparisons across years problematic.
(c) prices tend to rise each year.
, Page |4
(d) prices are always the same each year. - ANSWER-(b)
changes in consumption patterns and innovations make
comparisons across years problematic.
If an economy is experiencing cost-push inflation what will happen
to prices and economic output?
(a) prices and output will both increase.
(b) prices and output will both fall.
(c) prices will rise and output will fall. - ANSWER-(c) prices will
rise and output will fall.
Which of these films is the most successful film in box office
history in real terms?
(a) Avatar
(b) The Dark Knight
(c) Gone with the Wind
(d) Titanic - ANSWER-(c) Gone with the Wind
ECON 200 UOFA FINAL EXAM VERSION 2 NEWEST
2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
If a jobless person who had given up searching suddenly
resumed active search for paying jobs—but had not yet found
any—the unemployment rate would:
(a) Rise
(b) Fall
(c) Stay the same
(d) More information is needed - ANSWER-(a) Rise
(a) If the number of discouraged workers increases, what
happens to the labor force participation rate? - ANSWER-Drops
(fewer workers either employed or unemployed)
, Page |2
(a) If the number of discouraged workers increases, what
happens to the unemployment rate? - ANSWER-Drops (these
people are no longer counted as unemployed)
Suppose the relevant population (non-institutionalized, at least
age 16) of Sierra Vista, AZ is 6,000. Of this population, 3,000 are
employed, 1,000 have never worked and are not looking for work,
1,000 are not working and are looking for work, and 1,000 have
retired.
(a) What is the size of the labor force in Sierra Vista? - ANSWER-
4000
) Suppose the relevant population (non-institutionalized, at least
age 16) of Sierra Vista, AZ is 6,000. Of this population, 3,000 are
employed, 1,000 have never worked and are not looking for work,
1,000 are not working and are looking for work, and 1,000 have
retired.
(b) What is the unemployment rate in Sierra Vista? - ANSWER-
1,,000 = 25%
, Page |3
Suppose the relevant population (non-institutionalized, at least
age 16) of Sierra Vista, AZ is 6,000. Of this population, 3,000 are
employed, 1,000 have never worked and are not looking for work,
1,000 are not working and are looking for work, and 1,000 have
retired
(c) What is Sierra Vista's labor force participation rate? -
ANSWER-4,,000 = 66.67%
Suppose that in 2014, Nogales Nation has a CPI of 200. In 2015,
the CPI rises to 210. Calculate the inflation rate in Nogales Nation
between 2014 and 2015. - ANSWER-(210 - 200) / 200 x 100 =
5%
One of the problems in measuring inflation over time is that:
(a) prices tend to fall from year to year.
(b) changes in consumption patterns and innovations make
comparisons across years problematic.
(c) prices tend to rise each year.
, Page |4
(d) prices are always the same each year. - ANSWER-(b)
changes in consumption patterns and innovations make
comparisons across years problematic.
If an economy is experiencing cost-push inflation what will happen
to prices and economic output?
(a) prices and output will both increase.
(b) prices and output will both fall.
(c) prices will rise and output will fall. - ANSWER-(c) prices will
rise and output will fall.
Which of these films is the most successful film in box office
history in real terms?
(a) Avatar
(b) The Dark Knight
(c) Gone with the Wind
(d) Titanic - ANSWER-(c) Gone with the Wind
