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Bundle for ECO 372 Exams Compilation | Verified | Guaranteed Success
- Package deal • 5 items • 2023
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Bundle for ECO 372 Exams Compilation | Verified | Guaranteed Success
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ECO 372 Exam Questions & Answers | 170 Questions with 100% Correct Answers | Verified | Latest Update | 27 Pages
- Exam (elaborations) • 27 pages • 2023
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The U.S. government sells gold for dollars. 
The transaction is recorded as a ___________ in the _____________ account. - credit, 
financial 
A migrant worker in California sends $500 home to his village in Mexico. 
The transaction is recorded as a ___________ in the _____________ account. - debit, 
current 
An American mutual fund manager uses the deposits of his fund investors to buy Brazilian 
telecommunication stocks. 
The transaction is recorded as a ___________ in the _____________ account...
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ECO 372 WEEK 1 QUESTION AND ANSWERS 2023
- Exam (elaborations) • 7 pages • 2023
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ECO 372 WEEK 1 QUESTION AND ANSWERS 
 
1.	The equation for net investment is written as: 
a.	Net Investment = Consumption – Gross Investment 
b.	Net Investment = Nominal GDP – Gross Investment 
c.	Net Investment = Depreciation – Gross Investment d. Net Investment = Gross Investment – Depreciation 
 
2.	Which of the following scenarios would be included in GDP? 
a.	Miguel won $100 in his office fantasy football league 
b.	Sandra is a waitress at Morton’s Steakhouse. She receives a cash...
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