CORRECT WELL DETAILED ANSWERS|LATEST
UPDATE!!!!!!2025/2026|GUARANTEED
In a closed economy, investment is financed by which combination of the following?
I. government spending
II. household saving
III. borrowing from the rest of the world
Select one:
a. I and III only
b. I and II only
c. I, II, and III
d. II only
e. none of the above - ANSWER d. II only
In a country with a working-age population of 22 million, 16 million are employed, 2 million
are unemployed, and 1 million of the employed are working part-time and like it that way.
The unemployment rate is
Select one:
a. 15.4 percent.
b. 10.5 percent.
c. 11.1 percent.
d. 10 percent.
e. none of the above - ANSWER c. 11.1 percent
Labour productivity grows as
Select one:
1
, a. consumption expenditure increases.
b. depreciation increases.
c. physical capital per worker grows.
d. human capital per worker grows.
e. both C and D - ANSWER e. both C and D
Michael lost his job as a night security guard because he kept falling asleep at the job. Now
he is looking for a new job. Michael is
Select one:
a. not unemployed.
b. cyclically unemployed.
c. structurally unemployed.
d. frictionally unemployed.
e. none of the above - ANSWER d. frictionally unemployed.
Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a year. Real
GDP per person in Country Y is $20,000 and the growth rate is 5 percent a year. When will
real GDP per person be greater in X than in Y?
Select one:
a. in 10 years
b. in 2 years
c. in 7 years
d. in 15 years
e. never - ANSWER d. in 15 years
(Labour) productivity is
Select one:
a. the quantity of real GDP produced by an hour of labour.
2
UPDATE!!!!!!2025/2026|GUARANTEED
In a closed economy, investment is financed by which combination of the following?
I. government spending
II. household saving
III. borrowing from the rest of the world
Select one:
a. I and III only
b. I and II only
c. I, II, and III
d. II only
e. none of the above - ANSWER d. II only
In a country with a working-age population of 22 million, 16 million are employed, 2 million
are unemployed, and 1 million of the employed are working part-time and like it that way.
The unemployment rate is
Select one:
a. 15.4 percent.
b. 10.5 percent.
c. 11.1 percent.
d. 10 percent.
e. none of the above - ANSWER c. 11.1 percent
Labour productivity grows as
Select one:
1
, a. consumption expenditure increases.
b. depreciation increases.
c. physical capital per worker grows.
d. human capital per worker grows.
e. both C and D - ANSWER e. both C and D
Michael lost his job as a night security guard because he kept falling asleep at the job. Now
he is looking for a new job. Michael is
Select one:
a. not unemployed.
b. cyclically unemployed.
c. structurally unemployed.
d. frictionally unemployed.
e. none of the above - ANSWER d. frictionally unemployed.
Real GDP per person in Country X is $10,000, and the growth rate is 10 percent a year. Real
GDP per person in Country Y is $20,000 and the growth rate is 5 percent a year. When will
real GDP per person be greater in X than in Y?
Select one:
a. in 10 years
b. in 2 years
c. in 7 years
d. in 15 years
e. never - ANSWER d. in 15 years
(Labour) productivity is
Select one:
a. the quantity of real GDP produced by an hour of labour.
2
