ECON 200 Final Exam Study Guide Complete Questions
And Correct Answers (Verified Answers) |Already
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Why is RGDP per capita Adjusted for inflation and population
typically used as the official
statistic for estimating the
standard of living in a
country?
Which of the following is not An oven bought by a homeowner.
an example of an
intermediate good?
Which question is an How will the government's budget deficit be affected by
illustration of a public infrastructure projects?
macroeconomic
question?
In November 2009, investment in 2009 and negative investment in 2010.
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 ______ _.
,Answer the next question $6,230 billion
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 --- $950
Exports ---
$65 Imports --
- $85
GDP in the economy is _.
may cause the official unemployment rate to understate
The presence of discouraged
workers the true amount of unemployment.
Which of the following is a housing
major category for the
Consumer Price Index?
What is structural Technology=growth
employment? What are 2 of
the 4 causes we discussed
during class? What could be
done to decreases this type
of unemployment? Explain
why eliminating this type of
unemployment is not
optimal.
, A baker can produce two 10
products: cupcakes and
pies. The table below is the
baker's production
possibilities schedule:
Product A B C D
E F Cupcakes 0 12
20 36 56 81
Pies 10 8 6 4 2 0
If the baker uses all of its
resources to produce only
pies, then the total number of
pies will be
And Correct Answers (Verified Answers) |Already
Graded A+||Brand New!!University of Arizona
Why is RGDP per capita Adjusted for inflation and population
typically used as the official
statistic for estimating the
standard of living in a
country?
Which of the following is not An oven bought by a homeowner.
an example of an
intermediate good?
Which question is an How will the government's budget deficit be affected by
illustration of a public infrastructure projects?
macroeconomic
question?
In November 2009, investment in 2009 and negative investment in 2010.
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 ______ _.
,Answer the next question $6,230 billion
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 --- $950
Exports ---
$65 Imports --
- $85
GDP in the economy is _.
may cause the official unemployment rate to understate
The presence of discouraged
workers the true amount of unemployment.
Which of the following is a housing
major category for the
Consumer Price Index?
What is structural Technology=growth
employment? What are 2 of
the 4 causes we discussed
during class? What could be
done to decreases this type
of unemployment? Explain
why eliminating this type of
unemployment is not
optimal.
, A baker can produce two 10
products: cupcakes and
pies. The table below is the
baker's production
possibilities schedule:
Product A B C D
E F Cupcakes 0 12
20 36 56 81
Pies 10 8 6 4 2 0
If the baker uses all of its
resources to produce only
pies, then the total number of
pies will be
