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ECO 372 Exam Questions & Answers  | 170 Questions with 100% Correct Answers | Verified | Latest Update | 27 Pages
  • 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
  • ECO 372 WEEK 1 QUESTION AND ANSWERS 2023

  • Exam (elaborations) • 7 pages • 2023
  • 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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